Average retail price per liter of kerosene rose to N1,083.57 in November – NBS

The National Bureau of Statistics (NBS) says the average price of 5 kg of cooking gas increased from N4,483.75 in October 2022 to N4,549.14 in November 2022.

It stated in its "Cooking Gas Price Watch" for November 2022, released on Tuesday in Abuja, that the November price was a 1.46 percent increase over what was obtained in October.

On a year-on-year basis, the increase was 37.34 percent, from N3,312.42 recorded in November 2021 to N4,549.14 in November 2022.

On state profile analysis, the report showed that Niger recorded the highest average price of N4,983.33 for 5 kg of cooking gas, followed by Kwara at N4,963.33, and Adamawa at N4,960.00.

On the other hand, it said that Abia recorded the lowest price at N4,125.00, followed by Delta and Anambra at N4,202.78 and N4,204.17, respectively.

Analysis by zone showed that the North-Central recorded the highest average retail price of N4,852.74, followed by the North-East at N4,606.80.

"The South-East recorded the lowest average retail price at N4,357.18," the NBS said.

Similarly, the average retail price per liter of kerosene rose to N1,083.57 in November 2022 on a month-on-month basis, showing an increase of 4.08 percent compared to N1,041.05 recorded in October 2022.

According to its "National Kerosene Price Watch" for November 2022, on a year-on-year basis, the average retail price per liter of kerosene rose by 145.68 percent from N441.06 in November 2021.

On state profile analysis, the report showed the highest average price per liter of kerosene in November 2022 was recorded in Akwa Ibom at N1,416.67, followed by Cross River at N1,366.67, and Abuja at N1,306.67.

"On the other hand, the lowest price was recorded in Borno at N875.83, followed by Rivers at N910.00 and Nasarawa at N913.56.