National Household Kerosene Price Watch (September 2024)

Executive Summary

The average retail price per litre of Household Kerosene (HHK) paid by consumers in September 2024 was N1,957.44, showing an increase of 5.95% compared to N1,847.59 recorded in August 2024. On a year-on-year basis, the average retail price per litre of the product rose by 50.68% from N1,299.03 in September 2023. On state profile analysis, the highest average price per litre in September 2024 was recorded in Abuja with N2,816.67, followed by Kaduna with N2,437.50 and Akwa Ibom with N2,411.11.
On the other hand, the lowest price was recorded in Bayelsa with N1,416.67, followed by Borno with N1,477.83 and Ekiti with N1,635.00. In addition, analysis by zone showed that the North Central recorded the highest average retail price per litre of Household Kerosene with N2,194.05, followed by the North-West with N2,092.92, while the South-East recorded the lowest with N1,718.89. The average retail price per gallon of Household Kerosene paid by consumers in September 2024 was N6,818.11 indi cating an increase of 5.84% from N6,441.94 in August 2024. On a year-on-year basis, this increased by 55.69% from N4,379.31 in September 2023. On state profile analysis, Katsina recorded the highest average retail price per gallon of Household Kerosene with N8,400.00, followed by Jigawa with N8,100.00 and Kebbi and Ogun with N8,000.00.
On the other hand, Nassarawa recorded the lowest price with N5,250.00, followed by Adamawa and Niger with N5,281.25 and N5,291.67 respectively. Analysis by zone showed that the North-West recorded the highest average retail price per gallon of Household Kero sene with N7,809.52, followed by the South-East with N7,700.19, while the North-Central recorded the lowest with N6,092.77.

Data source: National Bureau of Statistics

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