The average retail price per litre of Household Kerosene (HHK) paid by consumers in December 2022 was N1,104.61, indicating an increase of 1.94% compared to N1,083.57 recorded in November 2022. On a year-on-year basis, the average retail price per litre of the product rose by 136.04% from N467.97 in December 2021. On state profile analysis, the highest average price per litre in December 2022 was recorded in Abuja with N1,383.33, followed by Akwa Ibom with N1,341.67 and Cross River with N1,300.00. On the other hand, the lowest price was recorded in Bayelsa with N864.58, followed by Jigawa with N904.76 and Rivers with N916.67.
In addition, analysis by zone showed that the South-East recorded the highest average retail price per litre of Household Kerosene with N1,203.95, followed by the South-West with N1,177.89, while the North-West recorded the lowest with N1,011.49. The average retail price per gallon of Household Kerosene paid by consumers in December 2022 was N3,753.38, showing an increase of 4.42% from N3,594.44 in November 2022. On a year-on-year basis, this increased by 137.15% from N1,582.73 in December 2021.
Data source: National Bureau of Statistics