Kerosene price jumps 6.29%, Benue leads states with highest rate
By Jeph Ajobaju, Chief Copy Editor
Average retail price per litre of Household Kerosene (HHK) rose to N1,439.64 in April, a 6.29 per cent rise month-on-month (MoM) from N1,354.40 in March, gleaned from the latest data released by the National Bureau of Statistics (NBS).
The NBS disclosed in its National Household Kerosene Price Watch for April 2024 that year-on-year (YoY) the price jumped 24.04 per cent from N1,160.67 in April 2023.
It added: “On state profile analysis, the highest average price per litre in April 2024 was recorded in Benue with N1,788.47, followed by Kaduna with N1,761.62 and Plateau with N1,717.78.
“On the other hand, the lowest price was recorded in Katsina with N1,222.22, followed by Jigawa with N1,240.74 and Kwara with N1,252.38.
“In addition, analysis by zone showed that the North Central recorded the highest average retail price per litre of Household Kerosene with N1,525.27, followed by the South-West with N1,479.24, while the South-East recorded the lowest with N1,391.68.
“The average retail price per gallon of Household Kerosene paid by consumers in April 2024 was N5,174.23 indicating an increase of 5.61% from N4, 899.33 in March 2024. On a year-on-year basis, this increased by 24.17% from N4,166.94 in April 2023.
“On state profile analysis, Kano recorded the highest average retail price per gallon of Household Kerosene with N6,862.50, followed by Adamawa with N6,266.05 and Yobe with N6,120.41.
“On the other hand, Kwara recorded the lowest price with N4,226.40, followed by Delta and Akwa Ibom with N4,300.00 and N4,356.67 respectively.
“Analysis by zone showed that the North-East recorded the highest average retail price per gallon of Household Kerosene with N5,922.63, followed by the North West with N5,538.58, while the North-Central recorded the lowest with N4,634.60.”
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