Executive Summary
The average retail price per litre of Household Kerosene (HHK) paid by consumers in March 2024 was N1,354.40, showing an increase of 1.00% compared to N1,340.94 recorded in February 2024. On a year-on-year basis, the average retail price per litre of the product rose by 18.55% from N1,142.46 in March 2023. On state profile analysis, the highest average price per litre in March 2024 was recorded in Kaduna with N1,875.00, followed by Benue with N1,773.74 and Niger with N1,719.36. On the other hand, the lowest price was recorded in Rivers with N1,070.79, followed by Sokoto with N1,095.33 and Kwara with N1,110.90. In addition, analysis by zone showed that the North Central recorded the highest average retail price per litre of Household Kerosene with N1,497.13, followed by the North-East with N1,393.59, while the South-South recorded the lowest with N1,273.07.
The average retail price per gallon of Household Kerosene paid by consumers in March 2024 was N4,899.33, indicating an increase of 0.40% from N4,880.02 in February 2024. On a year-on-year basis, this increased by 19.34% from N4,105.25 in March 2023.
On state profile analysis, Adamawa recorded the highest average retail price per gallon of Household Kerosene with N6,110.44, followed by Bauchi with N5,922.30 and Yobe with N5,800.69. On the other hand, Delta recorded the lowest price with N4,039.14, followed by Abuja and Enugu with N4,300.00 and N4,430.95 respectively. Analysis by zone showed that the North-East recorded the highest average retail price per gallon of Household Kerosene with N5,579.78, followed by the North West with N5,094.26, while the South-East recorded the lowest with N4,527.31.
Data source: National Bureau of Statistics
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