Kerosene price jumped from N1,160 to N1,439 under Tinubu
The National Bureau of Statistics says the average retail price of a litre of kerosene increased from N1,354.40 recorded in March 2024 to N1,439.64 in April 2024.
The bureau said this in its Kerosene Price Watch for April 2024, released in Abuja on Friday. It said the April price of N1,439.64 represented a 6.29 per cent increase compared to what was obtained in March 2024 at N1,354.40.
The report said the average price per litre of kerosene increased on a year-on-year basis by 24.04 per cent from N1,160.67 recorded in April 2023 to N1,439.64 in April 2024.
The report showed that based on state profile analysis, Benue recorded the highest average price of N1,788.47 per litre of kerosene, followed by Kaduna at N1,761.62 and Plateau at N1,717.78.
On the other hand, the lowest price was recorded in Katsina at N1,222.22, followed by Jigawa at N1,240.74 and Kwara at N1,252.38.
The NBS said the analysis further showed that the North-Central recorded the highest average retail price per litre of kerosene at N1,525.27, followed by the South-West at N1,479.24.
It said the South-East recorded the lowest average retail price per litre of kerosene at N1,391.68.
The report said the average retail price per gallon of kerosene paid by consumers in April 2024, was N5,174.23, indicating a 5.61 per cent increase from N4, 899.33 in March 2024.
On a year-on-year basis, the average price per gallon of kerosene increased by 24.17 per cent from N4,166.94 recorded in April 2023.
State profile analysis showed that Kano recorded the highest average retail price, N6,862.50, followed by Adamawa at N6,266.05 and Yobe at N6,120.41.
On the other hand, the report said Kwara recorded the lowest price at N4,226.40, followed by Delta and Akwa Ibom at N4,300.00 and N4,356.67, respectively.
Analysis by zone showed that the North-East recorded the highest average price per gallon of Kerosene, N5,922.63, followed by the North-West, N5,538.58.
The North-Central recorded the lowest average price per gallon of kerosene at N4,634.60.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
Anti-Terrorism: U.S AFRICOM, Morocco to establish tech-driven training, experimentation centre in Africa
Mr Anderson said the centre would increase readiness and advance capabilities of both nations.
Sport
Argentina stun England to set up World Cup final clash with Spain
Spain defeated France 2-0 at the Dallas Stadium on Tuesday to qualify for the final.Â
NationWide
FG enhances international recognition of Nigerian passports
Mr Akinlabi said the milestone was achieved on July 13.Â
Heading 3
FG, states, LGs shared N2.550 trillion June revenue: FAACÂ
Mr Mokwa said the revenue was shared at the July meeting of the committee.
Heading 2
14-year-old boy charged with terror offences targeting London mosques
The boy was arrested on 9 July on suspicion of criminal damage to a vehicle.
States
Delta content creator arrested after alleged rape victim dies by suicide
According to the victim, Mr Ogbonna initially demanded sex in exchange for financial help.Â
