Kerosene hit N1,362/litre in December 2023 – NBS

Customers in December 2023 skilled a spike within the common retail worth of kerosine reaching N1,362.27 per litre nationwide.

This marked a  5.84 per cent enhance in comparison with the N1,287.10 recorded in November 2023.

The most recent report of the Nigerian Bureau of Statistics obtained on Tuesday signifies on a year-on-year foundation, the surge amounted to a 23.33 per cent, climbing from N1,104.61 in December 2022.

An in-depth state evaluation unveiled a disparity in costs throughout the nation.

NBS notes, “Abuja led the pack with the best common worth per litre at N1,650.00, intently trailed by Ogun at N1,609.52 and Benue at N1,594.44.

“Conversely, Kwara emerged with the bottom worth recorded at N917.14, adopted by Rivers with N969.70 and Nassarawa with N1,071.43”

NBS’ additional examination primarily based on geographical zones disclosed that the southwest skilled the best common retail worth per litre of family kerosene, reaching N1,455.21.

The northwest adopted intently at N1,420.48, whereas the southeast recorded the bottom at N1,264.49.

Shifting the main target to the per-gallon costs, NBS said that, “customers paid a median of N4,529.92 for family 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 foundation, this mirrored a considerable enhance of 20.69 per cent from N3,753.38 in December 2022.”

The state-level evaluation for per-gallon costs revealed Bauchi topping the checklist at N5,600.00, trailed by Lagos at N5,273.53 and Ekiti at N5,234.38. Conversely, Delta recorded the bottom worth at N3,234.29, adopted by Bayelsa and Kaduna with N3,538.03 and N3,560.00, respectively.

“Zone-wise, the North-East led with the best common retail worth per gallon of Family Kerosene at N5,077.08, intently adopted by the South West at N5,014.48.

In distinction, the South-South recorded the bottom common worth per gallon at N3,957.17, rounding off the difficult pricing panorama for customers within the closing month of 2023”, NBS mentioned.

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