Price of Kerosene in Nigeria Increase by 25% in 1 Year, Gas by 1.7%

As the cost of living continue to rise in the country, the prices of food and cooking fuel has also gone up.

The National Bureau of Statistics (NBS) in a latest report has disclosed that the prices of kerosene and cooking gas increased by 25.18% and 1.7% respectively in the last 1 year.

The average retail price per liter of household kerosene increased from N1,041.05 in October 2022 to N1,303.16 in October 2023.

The average retail price per litre of Household Kerosene (HHK) paid by consumers in October 2023 was N1,303.16, indicating an increase of 0.32% compared to N1,299.03 recorded in September 2023.
Read the Kerosene Price Watch Report for October 2023 here: https://t.co/CssTmrq92j pic.twitter.com/U6xNLilhfN

— NBS Nigeria (@NBS_Nigeria) November 22, 2023

Meanwhile, for liquefied petroleum gas also known as cooking gas, the average retail price for refilling a 5kg cylinder increased from N4,483.75 in October 2022 to N4,562.51 in October 2023, indicating a 1.7% increase year-on-year.

The average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas increased by 14.04% on a month-on-month basis from N9,247.40 in September 2023 to N10,545.87 in October 2023.
Read the full LPG Price Watch Report for October 2023 here: https://t.co/oRJJ7XcRte pic.twitter.com/Hl7b9aEfhL

— NBS Nigeria (@NBS_Nigeria) November 22, 2023