Home News Nigeria Ranks 12th Globally for Cheapest Kerosene Prices

Nigeria Ranks 12th Globally for Cheapest Kerosene Prices

by Joy: News Admin

Nigeria has been ranked the 12th cheapest country in the world for kerosene, according to new data released by GlobalPetrolPrices.com.

The report, which analyzed kerosene prices across 61 countries, reveals that the average price per litre in Nigeria currently stands at ₦1,013.75.

Global Kerosene Price Rankings: Nigeria Among the Most Affordable

Leading the list of countries with the lowest kerosene prices is Iran, where consumers pay as little as ₦4.39 per litre. Other countries with significantly low kerosene prices include Egypt, Kuwait, Bolivia, Saudi Arabia, Bahrain, and India.

On the opposite end of the spectrum, Seychelles tops the list as the most expensive country for kerosene, with prices exceeding ₦3,265 per litre.

Nigeria ranks just behind Barbados and slightly ahead of Trinidad and Tobago in the global standings.

Top 12 Countries with the Cheapest Kerosene (Per Litre):

Iran – ₦4.39

Egypt – ₦490.74

Kuwait – ₦577.02

Bolivia – ₦601.55

Saudi Arabia – ₦649.98

Bahrain – ₦651.07

India – ₦783.28

Sri Lanka – ₦940.45

Cameroon – ₦956.53

Pakistan – ₦963.59

Barbados – ₦964.67

Nigeria – ₦1,013.75

Kerosene Remains Vital for Rural Nigeria Despite Rising Costs

Kerosene continues to play a crucial role in Nigerian households, particularly in rural areas where access to alternative cooking fuels is limited.

However, local price trends show a notable increase. According to the National Bureau of Statistics (NBS), the average retail price per litre of household kerosene rose to ₦2,192.63 in June 2025, representing a 0.80% increase from ₦2,175.29 in May 2025.

On a year-on-year basis, kerosene prices surged by 41.00%, compared to ₦1,555.11 in June 2024.

Similarly, the average price for a gallon of kerosene in June 2025 reached ₦8,684.15, up 2.38% from ₦8,482.22 the previous month, and 52.39% higher than the ₦5,698.68 recorded in June 2024.

Top 10 States with the Lowest Kerosene Prices (June 2025)

Despite rising national averages, several states still offer comparatively lower kerosene prices:

Abia – ₦1,659.35

Oyo – ₦1,766.12

Bayelsa – ₦1,796.46

Ekiti – ₦1,835.84

Kogi – ₦1,868.86

Bauchi – ₦1,907.40

Nasarawa – ₦1,987.51

Benue – ₦2,006.16

Zamfara – ₦2,011.72

Jigawa – ₦2,046.54

FG Boosts Access to Cleaner Cooking Energy

In a significant step towards cleaner energy access, President Bola Ahmed Tinubu recently commissioned WAGL Energy Limited’s latest LPG carrier vessel, MT Iyaloja (Lagos), with a capacity of 40,000 cubic metres (CBM).

With this addition, WAGL’s LPG fleet now consists of five vessels:

MT Africa Gas

MT Sahara Gas

MT BaruMK

MT Sapet

MT Iyaloja (Lagos)

These vessels contribute to a combined capacity of 162,000 CBM, reinforcing Nigeria’s efforts to enhance clean cooking fuel availability and reduce dependency on kerosene over time.

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