The average retail price per litre of Household Kerosene (HHK) paid by consumers in October 2023 was N1,303.16, indicating an increase of 0.32% compared to N1,299.03 recorded in September 2023. On a year-on-year basis, the average retail price per litre of the product rose by 25.18% from N1,041.05 in October 2022.
On state profile analysis, the highest average price per litre in October 2023 was recorded in Adamawa with N1,676.19, followed by Abia with N1,555.21 and Abuja with N1,541.67. On the other hand, the lowest price was recorded in Kwara with N1,034.29, followed by Kebbi with N1,133.33 and Enugu with N1,134.52. In addition, analysis by zone showed that the South-East recorded the highest average retail price per litre of Household Kerosene with N1,404.49, followed by the North-East with N1,371.03, while the North-West recorded the lowest with N1,221.22.
The average retail price per gallon of Household Kerosene paid by consumers in October 2023 was N4,581.89, showing an increase of 4.63% from N4,379.31 in September 2023. On a year-on-year basis, this increased by 30.28% from N3,516.87 in October 2022. On state profile analysis, Taraba recorded the highest average retail price per gallon of Household Kerosene with N5,500.00, followed by Lagos with N5,484.38 and Adamawa with N5,214.29.
On the other hand, Delta recorded the lowest price with N3,108.33, followed by Rivers and Ogun with N3,860.00 and N3,900.00 respectively. Analysis by zone showed that the North-East recorded the highest average retail price per gallon of Household Kerosene with N5,096.83, followed by the North West with N4,773.87, while the South-South recorded the lowest with N4,017.76.
Data source: National Bureau of Statistics