In July 2024, consumers of household kerosene in Akwa Ibom, Oyo, and Delta states faced the highest average prices per litre, with costs recorded at ₦2,383.33, ₦2,375.00, and ₦2,309.52, respectively.
This is according to data from the National Bureau of Statistics (NBS).
The average retail price per litre of household kerosene across Nigeria was ₦1,769.86 in July 2024, marking a 13.81% increase from ₦1,555.11 in June 2024. Year-on-year, the price surged by 40.37% from ₦1,260.81 in July 2023.
On the lower end of the spectrum, Adamawa State recorded the lowest price at ₦1,171.11, followed by Taraba State at ₦1,191.30 and Borno State at ₦1,381.58.
Regional analysis reveals that the South-South zone had the highest average retail price per litre at ₦2,086.61, followed by the South-West at ₦2,051.27, while the North-East recorded the lowest at ₦1,411.97.
The report also noted that the average retail price per gallon of household kerosene in July 2024 was ₦5,762.10, a 1.11% increase from ₦5,698.68 in June 2024. On a year-on-year basis, this price increased by 33.81% from ₦4,306.07 in July 2023.
State-wise, Jigawa had the highest average retail price per gallon at ₦7,250.00, followed by Taraba at ₦7,218.27 and Kebbi at ₦7,158.33. Conversely, Rivers State recorded the lowest price at ₦4,234.62, with Delta and Bayelsa following at ₦4,500.00 and ₦4,800.00, respectively.
Regional analysis indicated that the North-West zone recorded the highest average retail price per gallon at ₦6,742.41, followed by the North-East at ₦6,174.76, while the North-Central zone recorded the lowest at ₦4,988.61.
