The Nationwide Bureau of Statistics (NBS) says the typical promoting value of a liter of kerosene has risen from €1,329 recorded in January 2024 to €1,340 in February 2024.
The company mentioned this in its Petrol Value Look ahead to February 2024, which was launched on Thursday in Abuja.
It mentioned the worth of N1,340 in February represented a decline of 0.86 % from what was achieved in January.
The company mentioned the typical value per liter of kerosene elevated by 14.23 % year-on-year from N1,173 recorded in February 2023 to N1,340 in February 2024.
Evaluation of the state profile, the report confirmed that Kaduna recorded the very best common value of N1,866 per liter of kerosene in February, adopted by Benue with N1,769 and Niger with N1,710.
“Alternatively, the bottom value was recorded in Bayelsa at N971.00, adopted by Rivers at N1,065 and Kwara at N1,070.”
The NBS mentioned the evaluation additional confirmed that North Central recorded the very best common retail value per liter of kerosene at N1,486, adopted by North East at N1,387.
It mentioned South South recorded the bottom common retail value per liter of kerosene: N1,231.
In keeping with the report, the typical retail value per gallon of kerosene paid by shoppers in February 2024 was N4,880, indicating a rise of 0.19 % from the N4,870 recorded in January 2024.
“On an annual foundation, the typical value per gallon of kerosene has elevated by 24.29 % from N3, 926 recorded in February 2023.
Evaluation of the state profile confirmed that Adamawa recorded the very best common retail value at N6,092 per gallon of kerosene, adopted by Bauchi at N5,910 and Kano at N5,779.
Alternatively, the report acknowledged that Delta recorded the bottom value at N4,025, adopted by Abuja and Ondo at N4,250 and N4,400 respectively.
Evaluation by zone confirmed that the Northeast recorded the very best common value per gallon of kerosene at N5,553, adopted by the Northwest at N5,072.
“The South East recorded the bottom common value per gallon of kerosene at N4,518,” the NBS mentioned.
