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June 25, 2026 - 11:57 AM

Kerosene Price Drops Marginally to N2,971.94 Per Litre in May -NBS

The National Bureau of Statistics (NBS) says the average retail price of kerosene decreased slightly to N2,971.94 per litre in May 2026 from N2,976.94 recorded in April 2026.

The bureau disclosed this in its Kerosene Price Watch for May 2026 released in Abuja on Wednesday.

According to the report, the May 2026 price represented a 0.17 per cent decline compared with the previous month.

However, the average price of kerosene increased by 36.62 per cent on a year-on-year basis from N2,175.29 recorded in May 2025.

On state profile analysis, NBS said Sokoto recorded the highest average kerosene price in May 2026 at N3,984.09 per litre, followed by Jigawa at N3,824.68 and Taraba at N3,595.64.

The report said Bayelsa recorded the lowest price at N2,018.79 per litre, followed by Kogi at N2,348.81 and Ekiti at N2,511.31.

The bureau said analysis by zones showed that the North-West recorded the highest average retail price of kerosene at N3,343.12 per litre, followed by the North-East at N3,004.30.

It added that the South-South recorded the lowest average retail price at N2,777.76 per litre.

The report further showed that the average retail price per gallon of kerosene stood at N11,949.39 in May 2026, representing a 10.80 per cent decrease from N13,396.23 recorded in April 2026.

“On a year-on-year basis, the average price per gallon of kerosene increased by 40.88 per cent from N8,482.22 recorded in May 2025,” the report stated.

On state analysis for kerosene per gallon, Sokoto recorded the highest average price at N15,928.39, followed by Kebbi at N15,855.73 and Niger at N14,465.43.

Bayelsa recorded the lowest price at N7,084.56, followed by Ekiti at N9,300.92 and Kwara at N9,419.85.

By zone, the North-West recorded the highest average price per gallon of kerosene at N13,444.05, followed by the North-East at N12,519.36.

The South-East recorded the lowest average price per gallon at N11,032.42, the NBS said.

 

Source: NAN

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