National Household Kerosene Price Watch (October 2024)

Executive Summary

The average retail price per litre of Household Kerosene (HHK) paid by consumers in October 2024 was N2,017.46, showing an increase of 3.07% compared to N1,957.44 recorded in September 2024. On a year-on year basis, the average retail price per litre of the product rose by 54.81% from N1,303.16 in October 2023. On state profile analysis, the highest average price per litre in October 2024 was recorded in Abuja with N2,875.00, followed by Akwa Ibom with N2,518.89 and Kaduna with N2,500.79.
On the other hand, the lowest price was recorded in Borno with N1,500.30, followed by Bayelsa with N1,500.67 and Adamawa with N1,679.19. In addition, analysis by zone showed that the North Central recorded the highest average retail price per litre of Household Kerosene with N2,242.67, followed by the North-West with N2,168.28, while the South-East record ed the lowest with N1,772.94. The average retail price per gallon of Household Kerosene paid by consumers in October 2024 was N6,949.75 indicating an increase of 1.93% from N6, 818.11 in September 2024. On a year-on-year basis, this increased by 51.68% from N4,581.89 in October 2023.
On state profile analysis, Katsina recorded the highest average retail price per gallon of Household Kerosene with N8,900.50, followed by Jigawa with N8,500.00 and Kebbi with N8,300.00. On the other hand, Adamawa recorded the lowest price with N5,300.44, followed by Nassarawa and Niger with N5,325.41 and N5,381.88 re spectively. Analysis by zone showed that the North-West recorded the highest average retail price per gallon of Household Kerosene with N8,070.54, followed by the South-East with N7,760.01, while the North-Central recorded the low est with N6,176.20. 

Data source: National Bureau of Statistics

INFOGRAPHICS