Kerosene Prices Surge in July 2024: South-South and South-West Regions Hit Hardest

Consumers in Akwa Ibom, Oyo, and Delta states paid the highest average prices for household kerosene in July 2024, with costs per litre reaching N2,383.33, N2,375.00, and N2,309.52, respectively. The National Bureau of Statistics (NBS) reported an average retail price of N1,769.86 per litre, reflecting a 13.81% increase from June 2024 and a 40.37% rise from July 2023.

The South-South region recorded the highest average price per litre, while the North-East saw the lowest. The average price per gallon also rose, with Jigawa state leading at N7,250.00.

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