Kerosene price rose by 3.28% in August – NBS

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THE National Bureau of Statistics, NBS, has said that the average price per litre paid by consumers for household kerosene increased by 3.28 percent month-on-month and by 7.41 percent year-on-year to N346.53 in August from N335.54 in July. NBS said the lowest average price per litre of kerosene goes to Bayelsa (N257.78), Zamfara (N285.56) and Kebbi (N292.26).

NBS in its report entitled: “National Household Kerosene Price Watch – August 2020,” said states with the highest average price per gallon of kerosene were Ekiti (N1,387.89), Borno (N1,383.33) and Plateau (N1,354.55). While states with the lowest average price per gallon of kerosene were Osun (N987.50), Anambra N1,068.33) and Delta (N1,095.80).

The report added that average price per gallon paid by consumers for household kerosene increased by 0.92 percent month-on-month and by 0.66 percent year-on-year to N1,218.48 in August 2020 from N1,207.43 in July 2020. States with the highest average price per litre of kerosene were Ebonyi (N397.62), Enugu (N395.87), and Borno (N393.61).

Similarly, the NBS in another report entitled: “Premium Motor Spirit (Petrol) Price Watch – August 2020” The NBS  said states with the highest average price of premium motor spirit (petrol) were Taraba (N153.67), Kebbi (N153.65) and Abia (N152.00).

According to the report, the average price paid by consumers for premium motor spirit (petrol) increased by 2.26 percent year-on-year and month-on-month by 3.59 percent to N148.78 in August 2020 from N143.63 in July. NBS said states with the lowest average price of premium motor spirit (petrol) were Jigawa (N143.41), Niger (N143.90) and Sokoto (N145).

Meanwhile,  the NBS said states with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Akwa Ibom (N4,622.50), Cross River (N4,567.50) and Bayelsa (N4,544.44).

In another report “Liquefied Petroleum Gas (Cooking Gas) Price Watch – August 2020”, said similarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (cooking gas) increased by 0.24 percent month-on-month and decreased by -2.04 percent year-on-year to N4,136.80 in August 2020 from N4,126.82 in July 2020.

The report said the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.40 percent month-on-month and decreased by -1.06 percent year-on-year to N1979.15 in August 2020 from N1971.34 in July 2020.

The report reads in part: “States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (cooking gas) were Imo (N1,672.22), Enugu (N1,700.00) and Jigawa (N1,704.55).

States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,489.60), Adamawa (N2,402.27) and Borno (N2,397.77).

States with the lowest average price for the refilling of a 12.5kg cylinder for LPG were Kano (N3,732.53), Oyo (N3,778.47) and Zamfara (N3,781.09).”

– Sept. 18, 2020 @ 16:55 GMT |

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