Price of Households Kerosine (HHK), popularly called kerosene, increased by 41.4 percent to an average of N600 per litre, amid persisting energy crisis in the country.
The product sold for less than N400 per litre two weeks ago. This even as the price of diesel and aviation fuel now hover around N800 per litre.
A survey conducted by Vanguard Newspaper showed that parts of Anambra, Kano, Abia, Kaduna, Ebonyi, Ogun, Cross River, where the product was sold below N400 per litre in January 2022, it now sells above N600 per litre.
Meanwhile, the National Bureau of Statistics (NBS) in its National Household Kerosene Price Watch, for February 2022, stated: “The average retail price per litre of Household Kerosene, HHK, paid by consumers in February 2022 stood at ?450.66 from ?437.11 in January 2022, showing an increase of 3.10 percent on month-on-month.
“On a year-on-year comparison, the average price increased by 26.66 percent from ?355.80 in February 2021.”
While Ebonyi, Cross River and Osun states recorded the highest average price per litre in February 2022 at N607.14 N593.75 and N531.77 respectively. Bayelsa, Jigawa and Sokoto recorded the lowest average price per litre at 290.44, N326.39 and N340.14 respectively.
The report further noted: “The average price per gallon of Household Kerosene paid by consumers increased to ?1559.78 in February 2022 from ?1528.74 in January 2022, indicating an increase in average retail price by 2.03 percent on month-on-month.
“The year-on-year average price per gallon of kerosene increased by 28.46 percent from ?1214.24 in February 2021.
“Enugu state had the highest average retail price with ?1935.95 followed by Jigawa with ?1934.62 and Rivers, ?1828.89. Similarly, Adamawa state recorded the lowest price with ?900.00 followed by Yobe and Borno with ?1210,00 and ?1240.00, respectively.”