Household kerosene prices saw a significant surge of 57.18 percent in August, reaching N1,272.40 per litre, as reported by the National Bureau of Statistics (NBS). The NBS’ National Household Kerosene Price Watch report, obtained by The PUNCH, highlights this substantial increase from last year’s N809.52 in August 2022, shedding light on the escalating energy costs.
This report also reveals a month-on-month uptick, with the average price per litre at N1,272.40, representing a concerning 0.92 percent rise from July’s N1,260.81.
When examining pricing at the state level, significant disparities become apparent.
Adamawa had the highest price at N1,745.83 per litre, followed closely by Benue at N1,468.33 and Abuja at N1,486.89.
In contrast, Jigawa offered a more affordable option at N1,000.00, followed by Edo at N1,104.78 and Kaduna at N1,121.79.
Regionally, the North-Eastern part of Nigeria faced the highest average price per litre at N1,370.64, closely followed by the South-East at N1,332.49.
On the other hand, the North-Western region experienced relatively lower prices at N1,163.25.
Turning to gallon prices, consumers encountered an average cost of N4,351.53, marking a 1.06 percent increase from July’s N4,306.07.
On a year-on-year basis, this represented a significant 47.63 percent rise from N2,947.65 in August 2022.
Lagos emerged with the highest HHK prices per gallon, reaching a staggering N5,350.83, followed closely by Katsina at N4,991.85 and Borno at N4,897.47.
However, Delta provided some relief, pricing HHK at N2,945.71 per gallon, followed by Rivers and Oyo at N3,287.50 and N3,711.79, respectively.
Furthermore, gallon prices also exhibited regional disparities, with the North-Eastern region experiencing the highest average at N4,637.71, closely followed by the South-East at N4,590.69.
In contrast, the South-South region offered a more affordable option at N3,727.30, highlighting the diverse economic challenges faced by different regions in the country.
