The price of kerosene rose by 136 per cent in one year, according to a report by the National Bureau of Statistics released on Friday.
In the National Kerosene Price Watch for December 2022, the average retail price per litre of kerosene rose by 136.04 per cent from N467.97 in December 2021 to N1,104.61 in December 2022.
Analysis by state showed that the highest average retail price per litre of kerosene was recorded in Abuja at N1,383, followed by Akwa Ibom at N1,341 and Cross River at N1,300.
“On the other hand, the lowest price was recorded in Bayelsa at N864, followed by Jigawa at N904 and Rivers at N916.”
The NBS said that analysis by zones showed that the South-East recorded the highest average retail price of kerosene at N1,203 per litre, followed by the South-West at N1,177, while the North-West recorded the lowest at N1,011.
The report showed that the average price of a gallon of kerosene was sold at N3,753 in December 2022, indicating an increase of 4.42 per cent from N3,594 in November 2022.
“On a year-on-year basis, this increased by 137.15 per cent from N1,582.73 in December 2021.’’
State profile analysis showed that Abia recorded the highest average retail price per gallon of kerosene at N4,546, followed by Kwara at N4,515 and Enugu at N4,426.
It said Borno recorded the lowest price at N2,750, followed by Gombe and Bayelsa at N2,775 and N2,814, respectively.
Analysis by the report indicated that the South-East recorded the highest average retail price per gallon of Kerosene at N4,337, followed by the North-Central at N3,967, while the North-East recorded the lowest at N3,378.
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