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Average fuel price hits N150 per litre in May – NBS

Samuel Bello, Abuja

The National Bureau of Statistics has stated that the average pump price paid by consumers for premium motor spirit (petrol) dropped to N150.2 per litre in May from N151.4 per litre price sold in April this year.

This represented an annual decrease of -0.3 percent and -0.8 percent month on month.

In the bureau’s report titled: “Premium Motor Spirit (Petrol) Price Watch’’, which was released yesterday in Abuja, stated that states with the highest average price of petrol were Borno (N166.08), Benue (N160.31) and Akwa Ibom (N159.44).

“States with the lowest average price of premium motor spirit (petrol) were Katsina (N144.82), Kano (N144.87) & Bauchi (N144.93).

It also stated that price paid by consumers for automotive gas oil (diesel) increased by 0.65% month-on-month and – 4.91% year-on-year to N205.67 in May 2018 from N204.35 in April 2018.

 

“States with the highest average price of diesel were Taraba (N253.33) Gombe (N227.50) and Kebbi (N224.50)

“States with the lowest average price of diesel were Nasarawa (N162.27), Abuja (N183.00) and Adamawa (N186.67).

Meanwhile, in the bureau’s “National Household Kerosene Price Watch’’, it reported that the average price per litre paid by consumers surged to N280.28 in May from N278.49 in April this year.

 

“The average price paid by consumers increased by 0.65% month-on- month and decreased by -7.58% year-on-year.

“States with the highest average price per litre of kerosene were Abuja (N327.50), Yobe (N313.33) and Cross River (N310.19). States with the lowest average price per litre of kerosene were Borno (N233.33), Abia (N235.53) and Kogi (N251.04)

 

Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 0.80% month-on-month and decreased by -5.12% year-on-year to N983.67 in May 2018 from N975.82 in April 2018.

“States with the highest average price per gallon of kerosene were Jigawa (N1143.33), Yobe (N1130.00) & Adamawa (N1088.89). States with the lowest average price per litre of kerosene were Oyo (N907.66), Delta (N884.62) and Rivers (N834.09).

NBS also reported that the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased to N2,072.24 in May from N2,058.19 in April this year.

“Average price increased by +0.68% month-on-month and decreased by -15.30% year-on-year to N2,072.24 in May 2018 from N2,058.19 in April 2018.

“States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,500.00), Gombe (N2,500.00), and Borno (N2,428.57).

“States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kaduna (N1,687.50), Ebonyi (N1,690.00) and Ekiti (N1,795.00.

NBS also stated that the average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.70% month-on-month and decreased by -13.30% year-on-year to N4298.72 in May 2018 from to N4,268.95 in April 2018.

“States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Benue (N5,150.00), Kaduna (N4,935.00)and Cross River(N4,687.50).

“States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Oyo (N3,940.38), Ogun (N3,866.67) and Lagos(N3,683.33).

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