The average retail price per litre of Household Kerosene (HHK) paid by consumers in May 2023 was N1,206.05, indicating an increase of 3.91% compared to N1,160.67 recorded in April 2023. On a year-on-year basis, the average retail price per litre of the product rose by 77.48% from N679.54 in May 2022. On state profile analysis, the highest average price per litre in May 2023 was recorded in Adamawa with N1,788.88, followed by Abuja with N1,445.50 and Abia with N1,396.66. On the other hand, the lowest price was recorded in Edo with N972.35, followed by Kebbi with N991.04 and Zamfara with N1,018.51.
In addition, analysis by zone showed that the South-East recorded the highest average retail price per litre of Household Kerosene with N1,351.55, followed by the North-East with N1,326.45, while the North-West recorded the lowest with N1,070.06. The average retail price per gallon of Household Kerosene paid by consumers in May 2023 was N4,208.27, showing an increase of 0.99% from N4,166.94 in April 2023. On a year-on-year basis, this increased by 78.44% from N2,358.30 in May 2022.
Data source: National Bureau of Statistics