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The price of household kerosene (HHK) in Nigeria has experienced an increase, reaching ₦1,354.40 in March 2024. This information was revealed by the National Bureau of Statistics (NBS) in its March HHK price watch report.
Compared to the previous month, there was a rise of 1.00 percent from ₦1,340.94 recorded in February 2024. On a year-on-year basis, the average retail price per litre of kerosene increased by 18.55% from ₦1,142.46 in March 2023.
Regional Variations in Kerosene Prices
In March 2024, Kaduna had the highest average petrol price per litre at ₦1,875.00, followed by Benue at ₦1,773.74 and Niger at ₦1,719.36.
On the other hand, Rivers recorded the lowest price of ₦1,070.79, while Sokoto and Kwara followed closely with ₦1,095.33 and ₦1,110.90 respectively.
Cooking Gas Prices and Variations
In addition to the increase in kerosene prices, the average price for refilling cooking gas per kilogram stands at ₦1,100. The market for cooking gas is dynamic and sensitive to changes within the gas sector. Prices across various states, including Lagos, are relatively uniform, with minor differences sometimes as little as 50 naira.
Cooking gas is sold in varying cylinder capacities, ranging from 3kg to 50kg, catering to different user needs from household cooking to fueling gas-powered generators. For example, a 6kg gas cylinder, known for its portability, costs ₦6,600 to refill and can last up to 45 hours if used solely for cooking.
On the other hand, the same quantity of gas lasts between 18 and 24 hours when utilized to power generators via a gas carburettor. The heavier 12.5kg cylinder, priced at ₦13,200 for a refill, proves less convenient for frequent transport due to its weight.
