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.”
Heading 4
Court grants N100 million bail to ex-CCT chairman Danladi Umar who tried Tinubu for assets fraud
The court, however, ordered that the former CCT chairman be remanded at Kuje Correctional Centre until he fulfils the bail conditions.
NationWide
FHC chief judge amends 2026 pre-election rules ahead 2027 pollsÂ
The Director of Information of the court, Catherine-Oby Christopher, made this known in a statement on Wednesday in Abuja.
States
Ibadan man pleads guilty of stealing spaghetti, milk, soap, other items worth N750,000
Adeyemo was charged with conspiracy, shop breaking and stealing, to which he pleaded guilty.
Economy
Stock market rebounds, gains N720 billion
The Nigerian stock market rebounded on Tuesday, with investors gaining N720 billion as renewed buying interest lifted key performance indicators.
Africa
UN special agent briefs Security Council on insecurity in Nigeria
On Tuesday, Leonardo Simão briefed the Security Council on political and security developments in Nigeria, West Africa, and the Sahel.
Health
45% of dementia risk preventable, says WHO
WHO released updated guidelines to reduce the risk of cognitive decline and dementia through evidence-based interventions across the life course.
