Kerosene Price Falls By 7.9%, Diesel Drops Marginally

Kerosene Price Falls By 7.9%, Diesel Drops Marginally

By Wires Editor | The Trent on October 21, 2021
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Kerosene, The Trent
Kerosene

The average price paid by consumer for National Household Kerosene, NHK, fell to N400.01 per litre  this week.

This represents a 7.9 percent decline when compared to N434.39 per litre recorded in September ending of this year.

Similarly, prices paid by consumers per litre of Automotive Gas Oil (diesel)  fell by 0.16 percent this week to N254.21 from N254.64 as of September ending 2021.

According to data from  globalpetrolprices.com, as of this week the price per gallon of kerosene stood at N1,514.20 while price per gallon of  Diesel stood at N962.29.

When compared to data from National Bureau of Statistics, NBS, NKH, and Diesel watch for September, prices paid per gallon of NKH   fell by 1.73 percent.

The NBS September report stated: “Average price per liter paid by consumers for National Household Kerosene increased by 8.6 percent month-on-month (MoM)  and by 24.8 percent 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 percent 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).”

Source:  Vanguard

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