Tuesday, June 3, 2025
The Lagos Today
  • Login
No Result
View All Result
No Result
View All Result
The Lagos Today
No Result
View All Result
Home Business

Consumers in South-East paid highest kerosene costs in December 2022 – NBS

by Julius Afolalu
January 27, 2023
in Business
Reading Time: 2 mins read
0
0
Consumers in South-East paid highest kerosene costs in December 2022 – NBS
Share on FacebookShare on Twitter

Data from the National Bureau of Statistics (NBS) has shown that Nigerians based in the South-East region paid the highest kerosene costs in December 2022.

The NBS’ National Household Kerosene Price Watch report, which was recent, disclosed that South-Eastern Nigerians paid an average of N1,203.95 per litre of kerosene. Also, the average cost of a gallon of kerosene in the region cost N4,337.32.

The report further revealed that the average retail price per litre of kerosene paid by consumers in December 2022 was N1,104.61, which indicates an increase of 1.94% compared to N1,083.57 recorded in November 2022.

Meanwhile, on a year-on-year basis, the average retail price per litre of the commodity rose by 136.04% from N467.97 in December 2021.

Other regions: The average price per litre of kerosene in the South-South was N1,087.15, in the South-West, it was N1,177.89, Meanwhile in the North-East, the cost was N1,085.65, in the North-West, it was N1,011.49 and in the North Central, it was N1,095.17 for the period under review.

The average price per gallon of kerosene in the South-South was N3,429.82, in the South-West it was N3,751.05. Meanwhile, in the North-East, the cost was N3,378.69, in the North-West, it was N3,722.18 and in the North Central, it was N3,967.97, for the period under review.

Impact on poor Nigerians: Many poor Nigerians cannot afford to purchase cooking gas to prepare their meals. As of 2021, kerosene price per litre was less than N500, so a lot of Nigerians who could not afford cooking gas bought kerosene as an alternative cooking source.

However, with the cost increments recorded since 2021 and into 2022, some Nigerians are now turning to firewood as cooking fuel. The problem with that is, firewood is a dirty fuel and contributes to carbon emissions which pollute the environment.

According to ReliefWeb, solid fuels like firewood produce carbon, which is one of the biggest contributors to climate change. Also, firewood or charcoal contributes to deforestation which further hurts the planet.

For the record: In the second quarter of 2022, President Muhammadu Buhari updated Nigeria’s Nationally Determined Contributions (NDCs) to include the elimination of kerosene lighting by 2030, which is seven years from now.

Share this:

  • Facebook
  • X

Like this:

Like Loading...
Tags: KeroseneNational Bureau of StatisticsSouth-East
Previous Post

Naira Notes Swap: Gbajabiamila Threatens Emefiele With Arrest

Next Post

Lagos now closer to its smart city dream with 5G technology- Sanwo-olu

Julius Afolalu

Julius Afolalu

Related Posts

Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

by Iyanu Ale
May 2, 2025
0

Ghanaian energy tech startup Kofa has successfully raised $8.1 million in a pre-Series A funding round to scale its AI-powered...

South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

by Iyanu Ale
April 28, 2025
0

South African startup CureRoot is pioneering a new frontier in pharmaceutical innovation by harnessing artificial intelligence (AI) to discover novel...

Next Post
LASU Gets 13 New Governing Council Members

Lagos now closer to its smart city dream with 5G technology- Sanwo-olu

Please login to join discussion

Recommended

Indian Police Probe Deaths Of Russian Lawmaker, Companion

Indian Police Probe Deaths Of Russian Lawmaker, Companion

2 years ago
Ogun Gov, Abiodun, Hosts World Champ, Tobi Amusan

Ogun Gov, Abiodun, Hosts World Champ, Tobi Amusan

3 years ago

Popular News

    Connect with us

    Tags

    #EndSARS 2023 Elections 2023 polls 2023 Presidency ACCIDENT Africa All progressives Congress APC Asiwaju Bola Tinubu Babajide Sanwo-Olu CBN Central Bank of NIgeria Central Bank of Nigeria (CBN) Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Cryptocurrency Economic and Financial Crimes Commission EFCC Federal Government Federal Government of Nigeria Fraud Gov. Sanwo-Olu House of Representatives Lagos-Ibadan expressway Lagos state Lagos State Government Lagos State House of Assembly Lagos State Police command Muhammadu Buhari Murder Naira NDLEA Nigeria Nigeria Customs Service Nigerian Economy Nigeria Police Force Rape Strike action TECH UK United Kingdom US

    News

    Opinion

    © 2020 The Lagos Today - Nkali.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result

    © 2020 The Lagos Today - Nkali.

    %d