Price of Kerosine falls by 7.9%, Diesel drops

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Host Community Shutdown Conoil Flow Station

Amid the astronomical rise in the price of cooking gas, this week, the average price of National Household Kerosene (NHK) paid by consumers declined to N400.01 per litre.

When compared to the N434.39 per litre recorded in September of this year, this represents a 7.9% decrease.

Similarly, consumer prices for Automotive Gas Oil (diesel) per litre declined 0.16 percent this week to N254.21 from N254.64 in September 2021.

According to globalpetrolprices.com, the price per gallon of kerosene was N1,514.20 this week, while the price per gallon of diesel was N962.29.

Prices paid per gallon of NKH were higher in September when compared to statistics from the National Bureau of Statistics (NBS) NKH and Diesel watch.

The NBS September report stated: “Average price per liter paid by consumers for National Household Kerosene increased by 8.6 per cent month-on-month (MoM) and by 24.8 per cent year-on-year (YoY) to N434.39 in September 2021 from N400.01 in August 2021.

“Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 16.25 per cent MoM and by 25.3 YoY to N1, 540.82 in September 2021 from N1, 325.39 in August 2021.

“States with the highest average price per gallon of kerosene were Abuja (N2, 766.67), Bauchi (N1, 981.54) and Adamawa (N1,975.00).

“States with the lowest average price per gallon of kerosene were Delta (N1218.13), Imo (N1991.23) and Yobe (N1,080.00).”

On diesel, the NBS said: “Average price paid by consumers for Automotive Gas Oil (diesel) increased by 0.17 per cent MoM and by 15.9 per cent YoY to N254.64 in September 2021 from N254.21 in August 2021.”

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