Kerosene records 25.18% price increase in one year – NBS
Its document tagged: “Household Kerosene Price Watch October 2023,” said the price soared from N1,041.05 in October 2022 to N1,303.16 in October 2023.
The document noted that on state profile analysis, the highest average price per litre in October 2023 was recorded in Adamawa with N1,676.19, followed by Abia with N1,555.21 and Abuja with N1,541.67. On the other hand, the lowest price was recorded in Kwara with N1,034.29, followed by Kebbi with N1,133.33 and Enugu with N1,134.52.
On the other hand, according to NBS, Delta recorded the lowest price with N3,108.33, followed by Rivers and Ogun with N3,860.00 and N3,900.00 respectively. The Bureau added that Ebonyi recorded the lowest price with N3,971.43, followed by Osun and Edo with N4,000.00 and N4,025.00 respectively. Meanwhile, NBS also revealed that the average retail price paid by consumers for Premium Motor Spirit for the month of October 2023 was N630.63, indicating a 222.92% increase when compared to the value recorded in October 2022 .
NBS added that on the Zonal profile, the North-East Zone had the highest average retail price of N644.16, while the South West Zone had the lowest price of N616.81.
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