Kerosene price soars by 118%, fuels anxiety

Household kerosene may go beyond the reach of poor Nigerians as the price of the commodity has risen by 118 per cent in the last 12 months.

According to the National Household Kerosene report of the Nigerian Bureau of Statistics for September, the average retail price per litre of the product rose by 118 per cent to N947 from N434 recorded in September 2021.

According to the report, the average retail price per litre of HHK paid by consumers in September 2022 was N947, indicating an increase of 17 per cent compared to N809 recorded in August 2022.

A breakdown of the report showed that on state profile analysis, the highest average price per litre in September 2022 was recorded in Enugu with N1,272, followed by Ebonyi with N1,264 and Cross River with N1,186.

On state profile analysis, Abuja recorded the highest average retail price per gallon of cooking kerosene with N4,200, followed by Abia with N4,078 and Enugu with N4,052, according to the report.

On the other hand, Borno recorded the lowest price with N2,500, followed by Zamfara and Delta with N2,555 and N2,577, respectively.

Analysis by zone showed that the South-East recorded the highest average retail price per gallon of the product with N3,607, followed by the South-West with N3,468, while the North-East recorded the lowest with N2,804.


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