The average retail price of kerosene paid by Nigerians increased by 136% in a year, according to a report released on Thursday by the National Bureau of Statistics (NBS).
According to the statistics office’s document titled “National Household Kerosene Price Watch December 2022,” the average retail cost of kerosene in December 2022 was N1,104, representing a 1.94 percent increase over the N1,083.57 recorded in November 2022.
However, the bureau reported that the average retail price per litre increased by 136% year on year, from N467.97 in December 2021 to N467.97 in December 2022.
According to state price watch, Abuja has the highest average retail price for kerosene at N1,383, followed by Akwa Ibom at N1,341 and Cross River at N1,300.
Bayelsa had the lowest price, with a litre selling for N864, followed by Jigawa at N904 and Rivers at N916.
According to the NBS, the South-east had the highest average retail price, with kerosene selling at N1,203, followed by the South-west at N1,177, and the North-west at N1,011.
Price per gallon
Kerosene averaged N3,753 per gallon in December 2022, up 4.42 percent from N3,594 in November 2022, according to the bureau. In addition, the price increased by 137% year on year from N1,582.
Abia had the highest average retail price per gallon of kerosene across the states, at N4,546, followed by Kwara, at N4,515, and Enugu, at N4,426, respectively.
Borno had the lowest price of N2,750, followed by Gombe and Bayelsa, which had prices of N2,775 and N2,814 respectively.
According to the report, the South-east had the highest average retail price per gallon of kerosene at N4,337, followed by the North-central at N3,967, and the northeast at N3,378.
