According to the National Bureau of Statistics, customers paid N1, 041.05 per litre on average for home kerosene in October.
In its “National Household Kerosene Price Watch” report for October 2022, the NBS reported that the average price had increased by 9.90% from the N947.30 per litre recorded in September 2022.
The average retail price per litre of the product climbed by 145.87 percent from N423.42 in October 2021 on a year-over-year basis.
On state profile analysis, the report showed that the highest average price per litre of kerosene in October 2022 was recorded in Cross River at N1,304.17, followed by Enugu at N1,300.00 and Lagos at N1,294.44.
Conversely, it said the lowest price was recorded in Borno at N783.33, followed by Rivers at N804.17 and Bayelsa at N805.67.
The NBS said that analysis by zone showed that the South-East recorded the highest average retail price per litre of Kerosene at N1,191.14, followed by the South-West at N1,142.60.
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It said the North-East recorded the lowest average retail price per litre of kerosene at N905.18.
The report said the average retail price per gallon of kerosene paid by consumers in October 2022 was N3,516.87, indicating an 8.67 per cent increase from N3,236.27 recorded in September 2022.
“On a year-on-year basis, the average price per gallon of kerosene increased by 126.46 per cent from N1,552.96 recorded in October 2021.”
NAN
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