Average price per litre of kerosene increases to N352.93 —NBS

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…as average price for cooking gas dips

The National Bureau of Statistics (NBS) has said the average price per litre paid by consumers for national household kerosene increased to N352.93 in October from N347.98 in September.

The bureau made this known in its “National Household Kerosene Price Watch (October 2020)’’ obtained from its website on Tuesday

According to the bureau, the increase is by 1.42 per cent month on-month and by 8.69 per cent year-on-year.

The report said that states with the highest average price per litre of kerosene were Taraba residents who bought the product at N437.50, Ebonyi at N423.81 and Benue N410.

It said that states with the lowest average price per litre of kerosene were Bayelsa whose residents bought at N230.95, Rivers at N285.19 and Oyo at N310.

“Similarly, average price per gallon paid by consumers for kerosene increased by 0.27 per cent month-on-month and by 1.91 per cent year-on-year to N1, 233 in October from N1, 229 in September.

“States with the highest average price per gallon of kerosene were Katsina N1, 369, Jigawa N1, 361 and Enugu N1, 359.

“States with the lowest average price per gallon of kerosene were Delta N979, Osun N1,005  and Ogun N1,079.

The NBS said that in arriving at the statistics, field work was carried out by its staff in all states of the federation supported by supervisors who were monitored by internal and external observers.

The bureau also said average price for refilling five kilogrammes  (5kg) cylinder of Cooking Gas decreased slightly to N1,953.71 in October from N1974.67 in September.

The bureau in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for October said the price for refilling 5kg cylinder of cooking gas dropped by -1.06 per cent month-on-month and by -0.70 per cent year-on-year in the period under review.

According to it, states with the highest average price for refilling 5kg cylinder for cooking gas were Bauchi N2,487.83, Borno N2,392.77 and Adamawa N2,367.80.

It also said that states with the lowest average price for the refilling of   5kg cylinder for cooking gas were Enugu, N1,611.11, Jigawa, N1,678.57 and Imo, N1,693.75.

“Similarly, average price for refilling 12.5kg cylinder decreased by -0.78 per cent month-on-month and by -0.64 per cent year-on-year to N4,078.65 in October from N4,110.92 in September.

“States with the highest average price for refilling 12.5kg cylinder for cooking gas were Cross River N4,598.50, Akwa Ibom N4,562.50 and Anambra N4,503.14.”

The report added that states with the lowest average price for the refilling 12.5kg cylinder were Kano N3,560, Oyo N3,638.46 and Zamfara N3,700.

It said the various prices were collected across all the 774 local governments in the states, and the Federal Capital Territory (FCT), from over 10,000 respondents and locations.