From Isaac Anumihe, Abuja
The National Bureau of Statistics (NBS), yesterday, said that the average retail price per litre of household kerosene (HHK) paid by consumers in June 2023 was N1,236.10, indicating an increase of 2.49 per cent compared to N1,206.05 recorded in May 2023.
In a statement, NBS also said on a year-on-year basis, the average retail price per litre of the product rose by 62.28 per cent from N761.69 in June 2022.
“On state profile analysis, the highest average price per litre in June 2023 was recorded in Adamawa with N1,691.81, followed by Abuja with N1,461.11 and Abia with N1,396.67. On the other hand, the lowest price was recorded in Jigawa with N960.45, followed by Edo with N979.31 and Kaduna with N1,001.22. In addition, analysis by zone showed that the South-East recorded the highest average retail price per litre of household kerosene with N1,351.56, followed by the North-East with N1,341.09, while the North-West recorded the lowest with N1,056.74.
“The average retail price per gallon of household kerosene paid by consumers in June 2023 was N4,269.13, showing an increase of 1.45 per cent from N4,208.27 in May 2023. On a year-on-year basis, this increased by 59.71 per cent from N2,673.04 in June 2022.
“On state profile analysis, Lagos recorded the highest average retail price per gallon of kerosene with N5,333.08, followed by Katsina with N4,977.83 and Borno with N4,834.93. On the other hand, Delta recorded the lowest price with N2,835.96, followed by Rivers and Bayelsa with N3,160.00 and N3,335.16 respectively,” the bureau said.
On the analysis by zone, the statistics agency noted that the North-East recorded the highest average retail price per gallon of household kerosene with N4,607.69, followed by the North-West with N4,497.37, while the South-South recorded lowest.
Meanwhile, the statement disclosed that the average retail price of Automotive Gas Oil (diesel) paid by consumers in June 2023 was N815.83 per litre, so showing an increase of 11.18 per cent from N733.78 per litre recorded in the corresponding month of the previous year.
“On a month-on-month basis, this decreased by 3.37 per cent from N844.28 per litre reported in May 2023. On state profile analysis, the highest average price of the product in June 2023 was recorded in Taraba with N899.23, followed by Adamawa with N875.67, and Niger with N873.33. On the other hand, the lowest price was recorded in Bayelsa with N733.20, followed by Imo with N742.71 and Kebbi with N746.00. Furthermore, analysis by zone showed that the North-Central had the highest price with N856.97, while the South-East recorded the lowest price with N776.69,” the agency said.