18 March 2019

Nigeria: Prices of Fuel, Kerosene Rose in February - NBS

National Bureau of Statistics, NBS, has said the average price for refilling a five kilogramme (kg) cylinder for Liquefied Petroleum Gas, otherwise known as cooking gas, increased by 1.37 per cent (month-on-month) to N2, 067.68 in February 2019, compared to N2,039.82 recorded in January.

But the bureau also said the price decreased by -4.09 per cent, year-on-year when compared to the N2,155.97 recorded in February 2018.

According to the Liquefied Petroleum Gas (Cooking Gas) Price Watch for February 2019, released by NBS, it stated that the highest average price for refilling a 5kg gas cylinder in Bauchi was N2,500.00, Cross River N2,450.00 and Adamawa/Borno N2,400.00.

The data on the other hand, further revealed that Osun with N1,811.11; Kaduna, N1,725.00; and Enugu, N1,680.00, represented states with the lowest average price for the refilling of a 5kg cylinder of cooking gas.

Similarly, the average price for refilling a 12.5kg cylinder for cooking gas decreased by -0.77 per cent (month-on-month) and -2.04 per cent (year-on-year) to N4,244.91 in February 2019 from N4,277.86 in January 2019, the statistical agency stated.

It pointed out that Akwa Ibom with N4,700.00; Abia, N4,688.89; and Cross River, N4,759.09, were states with the highest average price for refilling the 12.5kg cylinder of cooking gas, while Oyo, N3,805.88; Ogun N3,835.7;1 and Kano, N3,775.00, paid less.

In the same vein, the average price per litre paid by consumers for household kerosene decreased by -0.27 per cent month-on-month to N305.55 in February compared to N306.28 in January as well as increased by 5.85 per cent (year-on-year) when compared to the N288.57 recorded in February 2018.

Also, Plateau with average price of N335.55; Anambra, N332.22; and Enugu, N329.17, had the highest average price per litre of kerosene for the period, while Gombe, N265.74; Niger, N268.42; and Lagos, N274.35 paid the lowest average price per litre of kerosene.

Meanwhile, states with the highest average price per gallon of kerosene were Jigawa, N1331.25; Borno, N1325.00; and Katsina, N1305.00, while those with the lowest average price per gallon of kerosene were Niger, N1,110.00; Kogi, N1,051.43; and Bayelsa, N1,105.00.


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