Prices of fuel in some parts of the country

The average price paid by consumers for premium motor spirit, PMS, popularly known as petrol, increased to ₦147.50 in November 2018 from ₦147.20 in October 2018, the Nigeria Bureau of Statistic, NBS report has shown.

This showed an increase of 1.3 percent year-on-year and 0.2 percent month-on-month.

According to the report of the NBS, Premium Motor Spirit (Petrol) Price Watch, “States with the highest average price of PMS, were Kebbi (₦158.24), Kaduna (₦156.75) and Taraba (₦155.46).

Also amongst the states in the far northern part of the country were states with the lowest average price of PMS including Jigawa (₦144.29), Sokoto (₦144.20) but Imo state at ₦142.50, recorded the lowest average price in the country.

In another report, titled, ‘LPG Price Watch’, the NBS stated that the average price for the refilling of a 5kg cylinder of Liquefied Petroleum Gas, LPG, also known as cooking gas, decreased by -2.82 percent month-on-month and -12.33 percent year-on-year to ₦2,084.74 in November 2018 from N2,145.30 in October 2018.

It report stated: “States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (cooking gas) were Akwa Ibom (₦2,350.68), Abia (₦2,300.50) and Bauchi (₦2,300.). States with the lowest average price for the refilling of a 5kg cylinder for cooking gas were Lagos (₦1,954.55), Kwara (₦1,945.45) and Ebonyi (₦1,908.33).

“Similarly, average price for the refilling of a 12.5kg cylinder for cooking gas decreased by -4.59 percent month-on-months and -6.61 percent year-on-years to ₦4, 242.26 in November 2018 from ₦4, 446.19 in October 2018.

“States with the highest average price for the refilling of a 12.5kg cylinder for cooking gas were Akwa Ibom (₦5,000.00), Abia (₦4,618.75) and Anambra (₦4,578.95). States with the lowest average price for the refilling of a 12.5kg cylinder for cooking gas were Osun, (₦4033.33), Bauchi & Edo (₦4, 025.00) and Oyo (₦4, 000.00).”

It also stated that the average price per litre paid by consumers for household Kerosene decreased by -5.46 percent month-on-months and increased by 11.68 percent year-on-year to ₦298.32 in November 2018 from ₦315.56 in October 2018.

The report shows that states with the highest average price per litre of Kerosene were Enugu (₦358.33), Jigawa (₦353.13) and Ebonyi (₦348.99). States with the lowest average price per litre of kerosene were Kaduna (₦268.89), Kogi (₦265.24) and Kwara (₦263.33).

Similarly, it stated that the average price per gallon paid by consumers for household Kerosene decreased by -2.36% month-on-months and increased by 7.17 percent year-on-year to ₦1145.21 in November 2018 from ₦1172.84 in October 2018.

It disclosed that states with the highest average price per gallon of kerosene were Jigawa (N1352.94), Ekiti (₦1326.67) & Borno (₦1267.25) while states with the lowest average price per gallon of kerosene were Akwa Ibom (₦1022.08), Lagos (₦1009.33) and Bayelsa (₦1000.00).

The report further stated that while the average price paid by consumers for automotive gas oil (diesel) increased by 0.10 percent month-on-month and 10.18 percent year-on-year to ₦219.54 in November 2018 from to ₦219.33 in October 2018.

The report stated that, states with the highest average price of diesel were Imo (₦242.11), Osun (₦240.62) and Borno (₦238.89). States with the lowest average price of diesel were Kaduna (₦195.50), Bayelsa (₦196.82) and Kwara (₦200.00).

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