Price of kerosene skyrockets to over N1,750 per litre in July — NBS.

The National Bureau of Statistics (NBS) says the retail price per litre of Household Kerosene (HHK) paid by consumers in July 2024 was N1,769.86

The NBS in its July report said this showed an increase of 13.81% compared to N1,555.11 recorded in June 2024.

According to the bureau, “On a year on-year basis, the average retail price per litre of the product rose by 40.37% from N1,260.81 in July 2023.

On state profile analysis, the highest average price per litre in July 2024 was recorded in Akwa-Ibom with N2,383.33, followed by Oyo with N2,375.00 & Delta with N2,309.52. On the other hand, the lowest price was recorded in Adamawa with N1,171.11, followed by Taraba with N1,191.30 & Borno with N1,381.58.

The average retail price per gallon of Household Kerosene paid by consumers in July 2024 was N5,762.10 indicating an increase of 1.11% from N5,698.68 in June 2024. On a year-on-year basis, this increased by 33.81% from N4,306.07 in July 2023.