The average retail price per litre of Household Kerosene (HHK) paid by consumers in August 2023 was N1,272.40, indicating an increase of 0.92% compared to N1,260.81 recorded in July 2023. On a year-on-year basis, the average retail price per litre of the product rose by 57.18% from N809.52 in August 2022. On state profile analysis, the highest average price per litre in August 2023 was recorded in Adamawa with N1,745.83, followed by Benue with N1,468.33 and Abuja with N1,486.89. On the other hand, the lowest price was recorded in Jigawa with N1,000.00, followed by Edo with N1,104.78 and Kaduna with N1,121.79.

In addition, analysis by zone showed that the North-East recorded the highest average retail price per litre of Household Kerosene with N1,370.64, followed by the South-East with N1,332.49, while the North-West recorded the lowest with N1,163.25. The average retail price per gallon of Household Kerosene paid by consumers in August 2023 was N4,351.53, showing an increase of 1.06% from N4,306.07 in July 2023. On a year-on-year basis, this increased by 47.63% from N2,947.65 in August 2022.

On state profile analysis, Lagos recorded the highest average retail price per gallon of Household Kerosene with N5,350.83, followed by Katsina with N4,991.85 and Borno with N4,897.47. On the other hand, Delta recorded the lowest price with N2,945.71, followed by Rivers and Oyo with N3,287.50 and N3,711.79 respectively. Analysis by zone showed that the North-East recorded the highest average retail price per gallon of Household Kerosene with N4,637.71, followed by the South-East with N4,590.69, while the South-South recorded the lowest with N3,727.30. 

Data source: National Bureau of Statistics

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