National Household Kerosene Price Watch (August 2024)

Executive Summary

The average retail price per litre of Household Kerosene (HHK) paid by consumers in August 2024 was N1,847.59, showing an increase of 4.39% compared to N1,769.86 recorded in July 2024. On a year-on-year basis, the average retail price per litre of the product rose by 45.21% from N1,272.40 in August 2023. On state profile analysis, the highest average price per litre in August 2024 was recorded in Zamfara with N2,566.67, followed by Kano with N2,444.44 and Ogun with N2,388.89. On the other hand, the lowest price was recorded in Taraba with N1,181.18, followed by Adamawa with N1,185.74 and Borno with N1,296.95. In addition, analysis by zone showed that the North West recorded the highest average retail price per litre of Household Kerosene with N2,118.29, followed by the South-South with N2,075.45, while the North-East recorded the lowest with N1,454.38. The average retail price per gallon of Household Kerosene paid by consumers in August 2024 was N6,441.94 indi cating an increase of 11.80% from N5,762.10 in July 2024. On a year-on-year basis, this increased by 48.04% from N4,351.53 in August 2023.
On state profile analysis, Katsina recorded the highest average retail price per gallon of Household Kerosene with N8,200.00, followed by Kebbi with N8,075.00 and Kaduna with N8,038.46. On the other hand, Nassarawa recorded the lowest price with N5,092.46, followed by Niger and Plateau with N5,104.17 and N5,445.83 respectively. Analysis by zone showed that the North-West recorded the highest average retail price per gallon of Household Kero sene with N7,787.64, followed by the South-West with N6,593.22, while the North-Central recorded the lowest with N5,463.69.

Data source: National Bureau of Statistics

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