The National Bureau of Statistics reported that the average price for a liter of kerosene increased from N1,329 in January 2024 to N1,340 in February 2024.
This information was shared in the Petrol Price Watch for February 2024, released in Abuja on Thursday by the bureau.
The price of N1,340 in February signified a 0.86% increase compared to January's price, as stated by the bureau.
The bureau mentioned that the average price per liter of kerosene went up by 14.23% from N1,173 in February 2023 to N1,340 in February 2024.
According to the report, Kaduna had the highest average price of N1,866 per liter of kerosene in February, followed by Benue at N1,769 and Niger at N1,710.
The report indicated that Bayelsa had the lowest price at N971.00, followed by Rivers at N1,065 and Kwara at N1,070.
The NBS found that the North-Central had the highest average retail price per liter at N1,486, followed by the North-East at N1,387.
The South-South region had the lowest average retail price per liter of kerosene at N1,231, as per the NBS.
In February 2024, consumers paid an average of N4,880 per gallon of kerosene, which is a 0.19% increase from January's N4,870.
On a yearly basis, the average price per gallon of kerosene increased by 24.29% from N3,926 in February 2023.
The report revealed that Adamawa had the highest average retail price at N6,092 per gallon of kerosene, followed by Bauchi at N5,910 and Kano at N5,779.
Conversely, Delta recorded the lowest price at N4,025, followed by Abuja and Ondo at N4,250 and N4,400, respectively.
The analysis by zone showed that the North-East recorded the highest average price per gallon of kerosene at N5,553, followed by the North-West at N5,072.
The South-East had the lowest average price per gallon of kerosene at N4,518, as per the NBS.
(NAN)