The National Bureau of Statistics (NBS) has reported a significant surge in household kerosene prices, with a staggering 57.18% increase, reaching N1,272.40 per litre in August.
This alarming rise, compared to last year’s price of N809.52 in August 2022, underscores the escalating energy costs affecting households.
The NBS’ National Household Kerosene Price Watch report, obtained by News About Nigeria also revealed a month-on-month uptick, with the average price per litre rising to N1,272.40, representing 0.92% increase from July’s N1,260.81.
A state-level analysis demonstrates substantial pricing disparities across the country.
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.
Jigawa offered a more affordable option at N1,000.00 per litre, 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, followed closely by the South-East at N1,332.49. In contrast, the North-Western region experienced relatively lower prices at N1,163.25 per litre.
When it comes to gallon prices, consumers encountered an average cost of N4,351.53, reflecting a 1.06% increase from July’s N4,306.07.
On a year-on-year basis, this marked a substantial 47.63% rise from N2,947.65 in August 2022.
According to the report, Lagos emerged with the highest household kerosene prices by the 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 household kerosene at N2,945.71 per gallon, followed by Rivers and Oyo at N3,287.50 and N3,711.79, respectively.
Furthermore, gallon prices also demonstrated 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 per gallon, highlighting the diverse economic challenges faced by different regions in the country.
