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The National Bureau of Statistics, NBS, has mentioned the common retail value of a litre of kerosene rose from N1,329 recorded in January 2024 to N1,340 in February 2024.

In its Petrol Price Watch for February 2024, launched in Abuja on Thursday, the bureau mentioned the February value of N1,340 represented a 0.86 p.c lower in comparison with what was obtained in January.

The NBS mentioned the common value per litre of Kerosene rose on a year-on-year foundation by 14.23 per cent from N1,,173 recorded in February 2023 to N1, 340 in February 2024.

On state profile evaluation, the report revealed that Kaduna recorded the best common value of N1,866 per litre of Kerosene in February, adopted by Benue at N1,769 and Niger at N1,710.

“On the other hand, the lowest price was recorded in Bayelsa at N971.00, followed by Rivers at N1,065 and Kwara at N1,070.”

The bureau mentioned the evaluation additional confirmed that the North-Central recorded the best common retail value per litre of Kerosene at N1,486, adopted by the North-East at N1,387.

It mentioned the South-South recorded the lowest common retail value per litre of kerosene at N1,231.

The report confirmed that the common retail value per gallon of Kerosene paid by shoppers in February 2024, was N4,880, indicating a 0.19 per cent improve from N4,870 recorded in January 2024.

“On a year-on-year foundation, the common value per gallon of kerosene elevated by 24.29 per cent from N3,926 recorded in February 2023.

On state profile evaluation, it confirmed that Adamawa recorded the best common retail value at N6,092 per gallon of Kerosene, adopted by Bauchi at N5,910 and Kano at N5,779.

On the opposite hand, the report mentioned Delta recorded the bottom value at N4,025, adopted by Abuja and Ondo at N4,250 and N4,400, respectively.

Analysis by zone confirmed that the North-East recorded the best common value per gallon of Kerosene at N5,553, adopted by the North- West at N5,072.