The National Bureau of Statistics (NBS) said in its latest report that average Nigerian consumers paid Nigerians paid N1,362.27 for a litre of kerosene and over N5000 for a gallon of the product as of December 2023.
It said the surge amounted to a 5.84 per cent increase compared to the N1,287.10 recorded in November 2023 and a 23.33 per cent from N1,104.61 reported in December 2022.
The bureau stated that Abuja topped the chart with the highest average price per litre at N1,650.00, closely followed by Ogun State at N1,609.52 and Benue at N1,594.44.
At the bottom of the table were Kwara, Rivers and Nasarawa states which recorded N917.14, N969.70 and N1,071.43 respectively.
On geo-political basis, the southwest experienced the highest average retail price per litre of household kerosene, reaching N1,455.21 followed closely by northwest, N1,420.48 and southeast, N1,264.49.
Son per gallon price, the bureau said consumers paid an average of N4,529.92 for household kerosene in December 2023, indicating a slight decline of 1.17% from the N4,583.44 recorded in November 2023.
On a year-on-year basis, it said it reflected a substantial increase of 20.69 per cent from N3,753.38 in December 2022.
“The state-level analysis for per-gallon prices revealed 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 South West at N5,014.48.
In contrast, 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 report added.
