The average retail price per litre of Household Kerosene (HHK) paid by consumers in December 2023 was N1,362.27, Indicating an increase of 5.84% compared to N1,287.10 recorded in November 2023. On a year-on-year basis, the average retail price per litre of the product rose by 23.33% from N1,104.61 in December 2022. On state profile analysis, the highest average price per litre in December 2023 was recorded in Abuja with N1,650.00, followed by Ogun with N1,609.52 and Benue with N1,594.44.

On the other hand, the lowest price was recorded in Kwara with N917.14, followed by Rivers with N969.70 and Nassarawa with N1,071.43. In addition, analysis by zone showed that the South-West recorded the highest average retail price per litre of Household Kerosene with N1,455.21, followed by the North-West with N1,420.48, while the South-East recorded the lowest with N1,264.49.

The average retail price per gallon of Household Kerosene paid by consumers in December 2023 was N4,529.92, in -dicating a decline of 1.17% from N4,583.44 average consumer price recorded in November 2023. On a year-on-year basis, this increased by 20.69% from N3,753.38 in December 2022. On state profile analysis, Bauchi recorded the highest average retail price per gallon of Household Kerosene with N5,600.00, followed by Lagos with N5,273.53 and Ekiti with N5,234.38.

On the other hand, Delta recorded the lowest price with N3,234.29, followed by Bayelsa and Kaduna with N3,538.03 and N3,560.00 respectively. Analysis by zone showed that the North-East recorded the highest average retail price per gallon of Household Kerosene with N5,077.08, followed by the South West with N5,014.48, while the South-South recorded the lowest with N3,957.17 in the last month of 2023. 

Data source: National Bureau of Statistics

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