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Kerosene price soars by 118%, fuels anxiety

The price of household kerosene has increased by 118 percent in the past year, putting it out of reach for impoverished Nigerians.Informaion Guide Nigeria

According to the National Household Kerosene report of the Nigerian Bureau of Statistics for September, the average retail price per litre of the product increased by 118% from N437 in September 2021 to N947.


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The data indicates that the average retail price per litre of HHK paid by consumers in September 2022 was N947, a 17 percent increase compared to the average retail price per litre of HHK recorded in August 2022 of N805.

Enugu had the highest average price per litre in September 2022, at N1,272, followed by Ebonyi with N1,264 and Cross River with N1,186, according to a breakdown of the report’s state profile study.

On the other hand, Rivers had the cheapest pricing at N686, followed by Bayelsa at N715 and Nasarawa at N735.

The South-East reported the highest average retail price per litre of the product at N1.128, followed by the South-West at N1.069 and the North-West at N869.

The average retail price per gallon paid by consumers in September 2022 was N3,236, representing a 10% increase from N2,948 in August 2022. From N1,541 in September 2021, the price grew by 110 percent annually.

Abuja had the highest average retail price per gallon of cooking kerosene, at N4,200, followed by Abia and Enugu.

Borno had the lowest price at N2,500, followed by Zamfara and Delta with N2,555 and N2,577, respectively.

Analysis by zone revealed that the South-East had the highest average retail price per gallon of the product at N3,607, followed by the South-West at N3,468, and the North-East at N2,007.

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In July, one gallon of cooking kerosene was sold for N790, a 3.68 percent rise from its June price of N761.69

The Nigeria National Petroleum Business Limited, a state-owned oil company, recently suspended the importation of the product, resulting in a price increase by independent retailers.

Mele Kyari, the Group Chief Executive Officer of NNPC Ltd, stated that more than 70% of Nigeria’s population of over 200 million lacks access to clean cooking fuels. Also skyrocketing is the price of cooking gas.

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In response to an exclusive report by The PUNCH, the National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Oladapo Olatunbosun, revealed that gas consumption had dropped dramatically to 800,000 metric tonnes per annum from 1,250 million MT per annum four months earlier.

According to him, considering Nigeria’s enormous population, the nation should use at least six million MT annually.

“The present rate of consumption in Nigeria is 800,000MT annually. We were producing 1.25 billion MT annually a few months ago.

“Given the size of our people, we should utilise approximately six million metric tonnes of coal annually, just like other African nations such as Morocco, Egypt, Algeria, Kenya, and South Africa. But these nations consume more LPG than Nigeria, despite Nigeria’s enormous population,” he told The PUNCH in a telephone interview.

Meanwhile, financial and economic experts have asked the government to interfere in the situation in order to alleviate the hardships Nigerians face.Jamb ResultΒ 

Dr. Muda Yusuf, a former director general of the Lagos Chamber of Commerce and Industry, stated that government involvement is urgently required to reduce the product’s price for the benefit of the needy masses.

He said, β€œThe astronomical increase in the price of cooking kerosene will further aggravate the poverty situation in the country. Household kerosene is not a luxury, it is a necessity. It is bad enough that we are grappling with high food inflation, and now there is an additional burden of an escalating cost of means of cooking the food. So for the average Nigerian and the poor, this is an added burden, and obviously, the impact on poverty will be very profound.

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Emediong Silver

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

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