Price of kerosene decreases in July – NBS

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The National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene decreased to N316.03 in July from N316.43 in June.

The bureau said this in its “National Household Kerosene Price Watch (July 2019)’’ obtained from its website on Tuesday in Abuja.

The NBS said the price of kerosene decreased by -0.13 per cent month-on month and increased by 14.14 per cent year-on-year in the period under review.

It said that states with the highest average price per litre of kerosene were Abia N388.33, Enugu N378.72 and Anambra N357.14.

It added that states with the lowest average price per litre of kerosene were Benue, Kwara and Nassarawa where the product was sold at N250.

“Similarly, average price per gallon paid by consumers for kerosene decreased by -0.44 per cent month-on-month and increased by 21.10 per cent year-on-year to N1,211.18 in July from N1,1216.53 in June.

“States with the highest average price per gallon of kerosene were Gombe N1,436.15, Taraba N1,376.21 and Jigawa N1,360.

“States with the lowest average price per gallon of kerosene were Osun N1, 071.15, Akwa Ibom N1, 070.75 and Bayelsa N1, 026.15,” NBS stated.

The NBS further said that in arriving at the report, field work was done by more than 700 of its 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.

Price for cooking gas soars in July

In a another development, the NBS, says the average price for the refilling of a five kilogramme (kg) cylinder  Cooking Gas increased to N2,024.80 in July from N1,995.38 in June.

The bureau said this in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for July obtained from its website on Tuesday in Abuja.

The NBS said the price of refilling a five kg cylinder cooking gas increased by 1.47 per cent month-on-month and 0.71 per cent year-on-year in the period under review.

According to the bureau, states with the highest average price for the refilling of a five kg cylinder gas are Adamawa N2,492.50, Bauchi N2,487.78 and Borno N2,375.

It also said that states with the lowest average price for the refilling of a five kg cylinder for cooking gas were Abuja N1,778.33, Osun N1,776.56 and Enugu N1,733.25.

“Similarly, average price for the refilling of a 12.5 kg cylinder cooking gas decreased by -0.23 per cent month-on-month and -0.66 per cent year-on-year to N4,216.29 in July from N4,226.04 in June,” the NBS stated.

It said that states with the highest average price for the refilling of a 12.5 kg cylinder cooking gas were Akwa Ibom N4,657.22, Benue N4,600.67 and Bayelsa N4,588.89.

The NBS added that states with the lowest average price for the refilling of a 12.5 kg cylinder  cooking gas were Lagos N3,878.95, Oyo N3,836.11 and Kano N3,800.

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

The NBS said its audit team subsequently conducted randomly selected verification of prices recorded.

Peace PIAK