National Household Kerosene Price Watch (February 2024)

Executive Summary

The average retail price per litre of Household Kerosene (HHK) paid by consumers in February 2024 was N1,340.94, showing an increase of 0.86% compared to N1,329.53 recorded in January 2024. On a year-on-year basis, the average retail price per litre of the product rose by 14.23% from N1,173.89 in February 2023. On state profile analysis, the highest average price per litre in February 2024 was recorded in Kaduna with N1,866.67, followed by Benue with N1,769.67 and Niger with N1,710.89.
On the other hand, the lowest price was recorded in Bayelsa with N971.00, followed by Rivers with N1,065.67 and Kwara with N1,070.44. In addition, analysis by zone showed that the North Central recorded the highest average retail price per liter of Household Kerosene with N1,486.50, followed by the North-East with N1,387.58, while the South-South recorded the lowest with N1,231.24.
The average retail price per gallon of Household Kerosene paid by consumers in February 2024 was N4,880.02, indicating an increase of 0.19% from N4,870.83 in January 2024. On a year-on-year basis, this increased by 24.29% from N3,926.23 in February 2023. On state profile analysis, Adamawa recorded the highest average retail price per gallon of Household Kerosene with N6,092.50, followed by Bauchi with N5,910.00 and Kano with N5,779.50. On the other hand, Delta recorded the lowest price with N4,025.00, followed by Abuja and Ondo with N4,250.00 and N4,400.91 respectively. Analysis by zone showed that the North-East recorded the highest average retail price per gallon of Household Kerosene with N5,553.05, followed by the North West with N5,072.23, while the South-East recorded the lowest with N4,518.91.  

Data source: National Bureau of Statistics

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