By Olaide Ajibola, JKNMedia Reporter
THE National Bureau of Statistics (NBS) has reported a 1% increase in the average retail price of a litre of kerosene from February 2024 to March 2024, with prices rising from N1,340.94 to N1,354.40.
Released on Friday in Abuja, the Diesel Price Watch for March 2024 revealed this upward trend indicating a 1.00per cent hike compared to February’s N1,340.94. On a year-on-year basis, the report highlighted an 18.55 per cent of increase in the average price per litre of kerosene, rising from N1,142.46 in March 2023 to N1,354.40 in March 2024.
State-wise analysis showcased Kaduna with the highest average price of N1,875.00 per litre, followed by Benue at N1,773.74 and Niger at N1,719.36.
Conversely, Rivers recorded the lowest price at N1,070.79, trailed by Sokoto at N1,095.33 and Kwara at N1,110.90.
Further dissecting the data, the NBS highlighted the North-Central region with the highest average retail price per litre of kerosene at N1,497.13, followed by the North-East at N1,393.59. Equally, the South-South recorded the lowest average retail price per litre at N1,273.07.
The report also noted a 0.40 per cent increase in the average retail price per gallon of kerosene in March 2024, rising to N4,899.33 from February’s 2024 N4,880.02. Comparatively, this marks a 19.34 per cent surge from March 2023’s N4,105.25.
State-wise, Adamawa topped the list with the highest average retail price at N6,110.44 per gallon, followed by Bauchi at N5,922.30 and Yobe at N5,800.69. Also, Delta recorded the lowest price at N4,039.14, trailed by Abuja and Enugu at N4,300.00 and N4,430.95, respectively.
Zone-wise analysis revealed the North-East with the highest average price per gallon of kerosene at N5,579.78, followed by the North-West at N5,094.26. Contrarily, the South-East recorded the lowest average price per gallon at N4,527.31, according to the NBS.
