The National Bureau of Statistics (NBS) has reported an increase in the average retail price of a litre of kerosene, which reached N1,555.11 in June.
Based on the kerosene price watch released on July 29, this marks a 7.22 percent increase from the N1,450.35 recorded in May.
“Year-on-year, the average retail price per litre increased by 25.73% from N1,236.91 in June 2023,” the NBS stated.
State-by-state analysis revealed that the highest average price per litre in June was observed in Kaduna at N2,072.92, followed by Benue at N2,038.99, and Zamfara at N1,833.33.
The lowest prices were recorded in Kebbi at N1,248.15, Taraba at N1,277.60, and Sokoto at N1,300.00.
Zonal analysis indicated that the north-central region had the highest average retail price per litre of kerosene at N1,686.97, followed by the north-west at N1,589.68. The north-east had the lowest at N1,416.13.
The average retail price of a gallon of kerosene also rose to N5,698.68 in June, a 9.66 percent increase from N5,196.69 in May.
On a year-on-year basis, this represents a 33.49% rise from N4,269.13 in June 2023, according to the NBS.
In terms of state-by-state analysis, Kano and Sokoto had the highest average retail price of kerosene at N7,500.00, followed by Kaduna at N7,250.00 and Katsina at N7,100.00.
The lowest prices were seen in Rivers at N3,200.00, Niger at N4,290.10, and Delta at N4,471.43.
The NBS’s zonal analysis showed that the north-west had the highest average retail price of kerosene per gallon at N6,899.49, followed by the north-east at N6,155.96, while the south-south recorded the lowest at N4,621.95.
