Common value of kerosene rose to N1,041 per litre in October

Common value of kerosene rose to N1,041 per litre in October

Thursday, December 1, 2022

A kerosene seller

A kerosene vendor used for instance the story [Photo credit: The Guardian Nigeria]

The Nationwide Bureau of Statistics (NBS), says the common retail value of Family Kerosene (HHK) paid by shoppers in October was N1,041.05 per litre.

The NBS said in its “Nationwide Family Kerosene Worth Watch” for October 2022 that the common value was a 9.90 per cent enhance over the N947.30 per litre recorded in September 2022.

“On a year-on-year foundation, the common retail value per litre of the product elevated by 145.87 per cent from N423.42 recorded in October 2021.”

On state profile evaluation, the report confirmed that the very best common value per litre of kerosene in October 2022 was recorded in Cross River at N1,304.17, adopted by Enugu at N1,300.00 and Lagos at N1,294.44.

Conversely, it stated the bottom value was recorded in Borno at N783.33, adopted by Rivers at N804.17 and Bayelsa at N805.67.

The NBS stated that evaluation by zone confirmed that the South-East recorded the very best common retail value per litre of Kerosene at N1,191.14, adopted by the South-West at N1,142.60.

It stated the North-East recorded the bottom common retail value per litre of kerosene at N905.18.

The report stated the common retail value per gallon of kerosene paid by shoppers in October 2022 was N3,516.87, indicating an 8.67 per cent enhance from N3,236.27 recorded in September 2022.

“On a year-on-year foundation, the common value per gallon of kerosene elevated by 126.46 per cent from N1,552.96 recorded in October 2021.”

(NAN)

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