Nigeria’s average petrol price dropped to N148 per liter in June

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Oil marketers appeal to govt for payment of N800bn subsidy debts
Oil Marketers under the aegis of Major Oil Marketers Association of Nigeria, MOMAN and Depot and Petroleum Products Marketers Association, DAPPMA, have appealed to the Federal Government for prompt payment of over N800 billion outstanding subsidy debts.

The National Bureau of Statistics (NBS) has said the average price paid by consumers for premium motor spirit (petrol) dropped to N148.1 in June 2018 from N150.2 in May this year.

The drop represented a decrease of -1.5 per cent year-on-year and -1.4 per cent month-on-month in 2018.

The bureau said this in its Premium Motor Spirit (Petrol) Price Watch (June 2018).

The statistics office noted further that the average price per litre paid by consumers for National Household Kerosene decreased by -0.22 per cent month-on-month and -2.64 per cent year-on-year to N279.67 in June 2018 from N280.29 in May 2018.

Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 2.10 per cent month-on-month and 0.93 per cent year-on-year to N1004.29 in June 2018 from N983.67 in May 2018.

The report stated that the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -1.80% month-on-month and -8.17 per cent year-on-year to N2,034.93 in June from N2,072.24 in May this year.

NBS also stated that the average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -0.46 per cent month-on-month and -4.38 per cent year-on-year to N4,278.95 in June from N4,298.72 in May 2018.

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