Kerosene price rises by 146%

The price of household Kerosene, also known as cooking kerosene skyrocketed by over100 per cent in one year.

Latest data from the Nigerian Bureau of Statistics for November, showed average retail price of kerosene per litre rose by about 146 per cent from N441 in November 2021 to N1,083/litre in the corresponding period last year.

The report indicated that average retail price per litre  was 4 per cent higher on a month-on-month basis in November 2022 compared to N1,041 recorded in October.

On state profile analysis, the highest average price per litre in November 2022 was recorded in Akwa Ibom with N1,417 followed by Cross River with N1,367, and Abuja with N1,307.

On the other hand, the lowest price was recorded in Borno with N876 followed by Rivers with N910 and Nasarawa with N913.

In addition, analysis by zone showed that the South-East recorded the highest average retail price per litre, with N1,209, followed by the South-West with N1,163, while the

North-East recorded the lowest with N959.

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