Petrol price hits N206/ltr in February- NBS

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Petrol price hits N206/ltr in February- NBS
Petrol price hits N206/ltr in February- NBS

By Ayobami Adedinni

The National Bureau of Statistics, (NBS) has disclosed that the average price paid by customers  for premium motor spirit, otherwise known as petrol increased by 28.4  per cent year-on-year and ll.1 per cent month-on-month to N 190.9 in January 2018 from N 171.8 in December 2017.

It stated this in its Premium Motor Spirit (Petrol) Price Watch (February 2018) released yesterday.

The report by NBS stated that “Average price paid by consumers for premium motor spirit (petrol) increased by 28.4 per cent year-on-year and ll.1 per cent month-on-month to N 190.9 in January 2018 from N 171.8 in December 2017.

“States with the highest average price of premium motor spirit (petrol) were Plateau (N206.82), Osun (N201.29) & Edo (N200.83).

“States with the lowest average price of premium motor spirit (petrol) were Kogi (N147.06), Abuja (N145.00) & Kastina (N145.00).

The Bureau in its Automotive Gas Oil (Diesel) Price Watch (February 2018) said that the “Average price paid by consumers for automotive gas oil (diesel) decreased by 1.84% month-on-month and – 15.84 per cent  year-on-year to N209.89 in February 2018 from N213.82 in January 2018.
“States with the highest average price of diesel were Sokoto (N264.00) Yobe (N238.00) and Taraba (N232.00).

“States with the lowest average price of diesel were Ogun (N190.63), Ondo (N190.00) and Abia (N190.00).

The Statistics Board also in its National Household Kerosene Price Watch (February 2018) stated that the “average price per litre paid by consumers for National Household Kerosene decreased by -0.10 per cent  month-on- month and decreased by-18.12 per cent year-on-year to N288.57 in February 2018from N288.85 in January 2018.

“States with the highest average price per litre of kerosene were Plateau (N319.44), Nassarawa (N316.67) and Bayelsa (N315.28).

“States with the lowest average price per litre of kerosene were Kebbi (N257.29), Oyo (N260.53) and Niger (N262.5)

“Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 0.54 per cent month-on-month and decreased by -24.58 per cent year-on-year to N1,030.33 in February 2018 from N1,024.83 in January 2018.

“States with the highest average price per gallon of kerosene were Kebbi (N1,203.13), Borno (N1,187.50) and Niger (N1,184.38).

“States with the lowest average price per litre of kerosene were Rivers (N828.26), Delta (N858.33) and Abia (N882.50).

In its Liquefied Petroleum Gas (Cooking Gas) Price Watch  (February 2018) report also released yesterday said

“Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -1.56 per cent month-on-month and decreased by -20.40 per cent year-on-year to N2155.97 in February 2018 from N2,190.07 in January 2018.

“States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Borno (N2500.00), Yobe (N2500.00), and Anambra (N2364.29).

“States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Abuja (Nl,820.00), |Ebonyi (N 1,860.00) and Ekiti (N 1,950.00).

“Similarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (CookingGas) increased by 0.12 per cent month-on-month and decreased by -18.94 per cent year-on-year to N4333.27 in February 2018 from N4,327.89 in January 2018.

“States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Akwa Ibom (N5,000.00), Benue (N5,000.00) and Kogi (N4,816.67).

“States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Oyo (N3871.05), Ogun (N3788.89) and Lagos (N3,727.78),” the report added.

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