The average retail price per litre of Household Kerosene (HHK) paid by consumers in January 2023 was N1,153.40, indicating an increase of 4.42% compared to N1,104.61 recorded in December 2022. On a year-on-year basis, the average retail price per litre of the product rose by 163.87% from N437.11 in January 2022. On state profile analysis, the highest average price per litre in January 2023 was recorded in Abuja with N1,566.67, followed by Lagos with N1,411.11 and Plateau with N1,383.33. On the other hand, the lowest price was recorded in Jigawa with N891.67, followed by Edo with N925.93 and Katsina with N935.19.
In addition, analysis by zone showed that the South-West recorded the highest average retail price per litre of Household Kerosene with N1,232.15, followed by the South-East with N1,223.95, while the North-West recorded the lowest with N1,003.54. The average retail price per gallon of Household Kerosene paid by consumers in January 2023 was N3,886.11, showing an increase of 3.54% from N3,753.38 in December 2022. On a year-on-year basis, this increased by 154.20% from N1,528.74 in January 2022.
Data source: National Bureau of Statistics