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Average price of kerosene decreases in March – NBS

3 years ago | 59



First Bank
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THE National Bureau of Statistics (NBS), said the average price per litre paid by consumers for National Household Kerosene decreased to N303.94 in March from N305.55 recorded in February. The bureau said this in its “National Household Kerosene Price Watch (March 2019)’’ released on Tuesday in Abuja. According to the NBS, the price of kerosene decreased by -0.49 per cent month-on- month and 12.99 per cent year-on-year in the period under review. It said states with the highest average price per litre of kerosene include Anambra (N329.09), Ebonyi (326.83) and Ondo (326.67). It also named states with the lowest average price per litre of kerosene to be Gombe (N255.38), Niger (N278.02) and Kaduna (N279.75). Similarly, the bureau said the average price per gallon paid by consumers for kerosene decreased to N1,190.89 in March from N1,209.73 in February. It said the price per gallon of kerosene decreased by -1.56 per cent month-on-month and increased by 26.25 per cent year-on-year in the period under review. “States with the highest average price per gallon of kerosene are Borno (1,357.14), Jigawa (N1,283.33) and Katsina (N1278.13). “Also, states with the lowest average price per gallon of kerosene are Bayelsa (1,022.37), Kogi (N1,075.00) and Plateau (1,090.35).” The NBS said in arriving at the report, field work was done by more than 700 NBS staff in all states of the federation supported by supervisors who were monitored by internal and external observers. It said the NBS audit team subsequently conducted randomly selected verification of the prices recorded. (NAN) – Apr. 16, 2019 @ 14:55 GMT |
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