Energy

Kerosene price soars by 160.48 percent in one year

From N450.66 in February 2022, average retail price per litre of Household Kerosene (HHK), simply known as Kerosene, increased by 160.48 percent to N1,173.89 in February 2023.
The National Bureau of Statistics (NBS) disclosed this in its document titled: “Household Kerosene Price Watch February 2023”.
It said the price soared by 1.78% from N1,153.40 in January 2023.
NBS said: “The average retail price per litre of Household Kerosene (HHK) paid by consumers in February 2023 was N1,173.89, indicating an increase of 1.78% compared to N1,153.40 recorded in January 2023.
“On a year-on-year basis, the average retail price per litre of the product rose by 160.48% from N450.66 in February 2022.”
The data revealed that on state profile analysis, the highest average price per litre in February 2023 was recorded in Plateau with N1,550.00, followed by Abuja with N1,473.33 and Adamawa with N1,438.10.
On the other hand, according to NBS, the lowest price was recorded in Nassarawa with N923.81, followed by Katsina with N945.83 and Sokoto with N956.94.
It added that analysis by zone showed that the South-West recorded the highest average retail price per litre of Household Kerosene with N1,259.96, followed by the South-East with N1,255.12, while the North-West recorded the lowest with N976.24.
The report said the average retail price per gallon of Household Kerosene paid by consumers in February 2023 was N3,926.23, showing an increase of 1.03% from N3,886.11 in January 2023.
It also revealed that on a year-on-year basis, this increased by 151.72% from N1,559.78 in February 2022.
In a similar document, NBS said the average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 0.26% on a month-on-month basis from N4,588.75 recorded in January 2023 to N4,600.57 in February 2023.

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