NAIJA NEWS
According to the NBS’s latest Price Watch report, the cost of both kerosene per litre and per gallon has increased both month-on-month and year-on-year, with the North Central region reporting the highest average retail prices.
Notably, residents in Abuja, Kaduna, and Akwa Ibom are paying some of the highest prices for the fuel.
The report shows that the average retail price of Household Kerosene (HHK) in October 2024 reached ₦1,957.44 per litre, marking a 3.07% increase from ₦1,957.44 in September 2024.
Year-on-year, the price has surged by 54.81% from ₦1,303.16 in October 2023.
The average retail price per gallon of kerosene also saw an uptick, rising by 1.94% to ₦6,949.75 in October 2024, compared to ₦6,818.11 in September 2024. This represents a 51.68% increase from ₦4,581.89 in October 2023.
State-wise, the report highlights that Abuja recorded the highest average price per litre in October 2024, at ₦2,875.00, followed by Akwa Ibom at ₦2,518.89, and Kaduna at ₦2,500.79.
Conversely, Borno had the lowest price at ₦1,500.30, with Bayelsa and Adamawa following closely at ₦1,500.67 and ₦1,679.19, respectively.
Zonal price analyses reveal that the North Central region saw the highest average price per litre at ₦2,242.67, with the North-West following at ₦2,168.28. Meanwhile, the South-East recorded the lowest price at ₦1,772.94.