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Energy

Price Watch: Nigerians paid less for Kerosene in January 2021

In January 2021, consumers paid less for a litre of Kerosene than they did in December 2020.

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Average prices of Kerosene, Diesel and Cooking Gas in Nigeria

The National Bureau for Statistics (NBS) Price Watch report released for the month of January 2021 shows that the average price per litre paid by consumers for National Household Kerosene declined by 0.64 % from N352.79  in December 2020 to N350.55 in January 2021.

Also, according to the report, the average price per gallon paid by consumers for National Household Kerosene increased by 1.32% from N1,175.59 in December 2020 to N1,191.13 in January 2021.

Consumers in (N441.67), Taraba (N430.00) and Lagos (N402.67) paid the highest average price per litre of kerosene while consumers in Bayelsa (N244.05), Rivers (N274.56) and Delta (N280.77) paid the lowest average price per litre of kerosene.

Similarly, consumers in Kebbi (N1,580.00), Nasarawa (N1,465.50) and Gombe (N1,435.56) paid the highest average price per gallon of kerosene while consumers in Bayelsa (N846.67), Rivers (N847.22) and Sokoto (N855.56) paid the lowest average price per gallon of kerosene.

What you should know

  • Kerosene has remained an important source of energy for cooking for most families, both in rural areas and cities.
  • In December 2020, consumers paid less for both per litre and gallon of Kerosene than they did in November 2020.
  • This is a good development that the price per litre of Kerosene has been dropping since December 2020, considering that Kerosene is a product for the masses in the rural areas and thus their prices should be quite reasonable and affordable.

Johnson is a risk management professional and banker with unbridled passion for research and writing. He graduated top of the class with B.sc Statistics from the University of Nigeria and an MBA degree with specialization in Finance from Ambrose Alli University Ekpoma, with fellowships from the Association of Enterprise Risk management Professionals(FERP) and Institute of Credit and Collections management of Nigeria (FICCM). He is currently pursuing his PhD in Risk management in one of the top-rated universities in the UK.

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