The latest report released by the National Bureau of Statistics (NBS) shows that the average price per litre of Kerosene in Nigeria increased to N353.38 in November 2020 from N352.92 in October 2020.
This represents a 0.13% increase in the prices of Kerosene month-on-month basis and 11.29% Year-on-Year, from N317.54 in the corresponding period in November 2019.
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Price variations across states
- In the month of November, States with the highest average price per litre of kerosene include; Ebonyi (N433.33), Benue (N429.17) and Taraba (N411.52).
- However, consumers in Bayelsa (N212.96), Rivers (N283.33) and Niger (N316.67) enjoyed the lowest average price per litre of kerosene.
- States with the highest average price per gallon of kerosene are Kebbi (N1,377.78), Enugu (N1,363.46) and Nasarawa (N1,328.33).
- Osun (N970.45), Delta (N986.43) and Anambra (N1,071.00), on the other hand, recorded the lowest average price per gallon of kerosene.
READ: NBS report shows consumers paid more for Kerosene in January
Prices across zones
- Consumers in South-East zone paid the highest for a litre of Kerosene (N379.31), followed by North East (N367.04), North West (N363.78), North Central (N351.67), South West (N340.97) and South-South (N320.37).
- In respect of the average price paid for a gallon of Kerosene, consumers in North West zone paid the highest (N1,300.56), followed by North Central (N1,268.81), South East (N1,236.91), North East (N1,201.86), South West(N1,150.67) and South-South(N1,133.18).
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Why this matters
Kerosene is an important source of energy for cooking for most Nigerians both in the rural areas and cities. Aside from cooking, Kerosene is also used in the rural areas as a source of lighting. Considering that food and lighting are quite essential to life, it is therefore important that the price paid for it is reasonable and affordable by all.
READ: Price Watch: Prices of Kerosene and Gas drop in March as diesel rise
