The average retail price of kerosine reaching an all-time high from a spike from last December, 2023 has reached the average price of N1,362.27 per liter nationwide.
An in-depth state analysis unveiled a disparity in prices across the nation.
This marked a 5.84 per cent increase compared to the N1,287.10 recorded in November 2023.
NBS notes, “Abuja led the pack with the highest average price per liter at N1,650.00, closely trailed by Ogun at N1,609.52 and Benue at N1,594.44.”
“Conversely, Kwara emerged with the lowest price recorded at N917.14, followed by Rivers with N969.70 and Nassarawa with N1,071.43”
The state-level analysis for per-gallon prices has Bauchi topping the list at N5,600.00, trailed by Lagos at N5,273.53 and Ekiti at N5,234.38. Conversely, Delta recorded the lowest price at N3,234.29, followed by Bayelsa and Kaduna with N3,538.03 and N3,560.00, respectively.
“Zone-wise, the North-East led with the highest average retail price per gallon of Household Kerosene at N5,077.08, closely followed by the Southwest at N5,014.48.”
In conclusion, the South-South recorded the lowest average price per gallon at N3,957.17, rounding off the challenging pricing landscape for consumers in the final month of 2023”, The NBS stated.