According to the National Bureau of Statistics, household kerosene prices increased by 57.18% in August, hitting N1,272.40 per litre.
The National Household Kerosene Price Watch report from the NBS, which observed that the dramatic increase from N809.52 in August 2022 showed rising energy prices.
The average price per liter was N1,272.40, up an alarming 0.92 percent from July’s N1,260.81, according to the statistics, showing a jump month over month.
A state-level examination reveals significant pricing inequalities.
At N1,745.83 per litre, Adamawa was in first place, followed closely by Benue at N1,468.33 and Abuja at N1,486.89.
Jigawa, on the other hand, had an HHK that was more reasonably priced at N1,000.00, followed by Edo, at N1,104.78, and Kaduna, at N1,121.79.
Regionally, Nigeria’s North-East had the highest average per-liter cost at N1,370.64, closely followed by the South-East at N1,332.49.
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In comparison, prices were considerably lower in the North-Western region, at N1,163.25.
Consumers paid an average of N4,351.53 per gallon, an increase of 1.06 percent over the N4,306.07 in July. This was an increase of 47.63% year over year from N2,947.65 in August 2022.
According to the survey, Lagos had the highest HHK pricing, with a startling N5,350.83 per gallon. Katsina and Borno were close behind at N4,991.85 and N4,897.47, respectively.
HHK was priced by Delta at N2,945.71 per gallon, followed by Rivers and Oyo at N3,287.50 and N3,711.79, respectively, to provide some solace.
Additionally, gallon pricing showed geographical differences, with the North-Eastern region having the highest average of N4,637.71 and the South-East having the second-highest average of N4,590.69.
The South-South area, in contrast, provided a more cheap choice at N3,727.30, illustrating the various economic difficulties that other regions of the nation experience.
