The average retail price per litre of Household Kerosene (HHK) paid by consumers in May 2022 increased by 15.21% on a month-on-month basis from N589.82 in April 2022 to N679.54 in May 2022. On a year-on-year basis, the average retail price per litre rose by 86.94% from N363.50 in May 2021.
The state profile analysis showed that the highest average price per litre in May 2022 was recorded in Enugu with N868.75, followed by Ebonyi with N861.11 and Imo with N801.67. On the other hand, the lowest price was recorded in Bayelsa with N558.06, followed by Yobe with N601.39 and Nasarawa with N603.33. In addition, the South-East recorded the highest average retail price per litre of Household Kerosene with N773.09, followed by the South-West with N738.19 and the North-Central with N668.78, while the North-East recorded the lowest with N632.06. The average retail price per gallon of Household Kerosene paid by consumers increased by 10.38% on a month-on-month basis from N2,136.52 in April 2022 to N2,358.30 in May 2022.
On a year-on-year basis, this increased by 86.13% from N1,266.99 in May 2021. On state profile analysis, Abuja recorded the highest average retail price with N3,050.00, followed by Osun with N2,914.29 and Ogun with N2,795.00. On the other hand, Kogi recorded the lowest price with N1,920.00, followed by Gombe and Kebbi with N1,995.00 and N2,025.00, respectively. Analysis by zone showed that the South-West recorded the highest average retail price per gallon of Household Kerosene with N2,555.89, followed by the South-East and North-West with N2,548.07 and N2,390.86 respectively, while the North-East recorded the lowest with N2,126.90.
Data source: National Bureau of Statistics