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The National Bureau of Statistics (NBS) has said the price of Household Kerosene (HNK) was up by 118.08% in 12 months.
According to the Bureau in its document titled :”National Household Kerosene Price Watch (September 2022), the price rose from N434.39 in September 2021 to N947.30 in September 2022.
The documents said:”The average retail price per litre of Household Kerosene (HHK) paid by consumers in September 2022 was N947.30, indicating an increase of 17.02% compared to N809.52 recorded in August 2022. On a year-on-year basis, the average retail price per litre of the product rose by 118.08% from N434.39 in September 2021.”
On state profile analysis, the NBS said the highest average price per litre in September 2022 was recorded in Enugu with N1,272.50, followed by Ebonyi with N1,263.89 and Cross River with N1,187.50. It however added that the lowest price was recorded in Rivers with N686.27, followed by Bayelsa with N715.15 and Nasarawa with N735.29.
NBS noted that analysis by zone showed that the South-East recorded the highest average retail price per litre of Household Kerosene with N1,128.28, followed by the South-West with N1,068.18, while the North-West recorded the lowest with N868.89.
The document said the average retail price per gallon of Household Kerosene paid by consumers in September 2022 was N3,236.27, showing an increase of 9.79% from N2,947.65 in August 2022. On a year-on-year basis, this increased by 110.04% from N1,540.82 in September 2021.
NBS explained that on state profile analysis, Abuja recorded the highest average retail price per gallon of Household Kerosene with N4,200.00, followed by Abia with N4,078.57 and Enugu with N4,052.38. It further said on the other hand, Borno recorded the lowest price with N2,500.00, followed by Zamfara and Delta with N2,555.56 and N2,576.92 respectively.
According to the document, analysis by zone showed that the South-East recorded the highest average retail price per gallon of Household Kerosene with N3,607.38, followed by the South-West with N3,468.42, while the North-East recorded the lowest with N2,803.96.
(thenationonlineng.net)
