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Prices of fuel, cooking gas, diesel decreased  in July – NBS

By Emmanuel Elebeke
The National Bureau of Statistics, NBS  says average price paid by consumers for premium motor spirit (petrol) decreased by -0.09 year-on-year and -0.9% month-on-month to N146.80 in July 2018 from N148.10 in June 2018.

Long Queque at NNPC Fuel Station at Eleme along Aba Road in Port Harcourt weekend. Photo: Nwankpa Chijioke

The bureau revealed this in a Premium Motor Spirit (Petrol), Liquefied Petroleum Gas (Cooking Gas)  and Automotive Gas Oil (Diesel) Price Watch released on Tuesday.

The NBS said States with the highest average price of premium motor spirit (petrol) were:  Borno (N155.00), Taraba (N151.82) & Bayelsa (N151.67).

On the other hand, States with the lowest average price of premium motor spirit (petrol) were: Oyo (N144.72), KatsinaN144.06) & Gombe (N142.79).

The report also shows that average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -1.20% month-on-month and -9.69% year-on-year to N2,010.45 in July 2018 from N2,034.93 in June 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), Borno (N2,401.43) and Gombe (N2,314.29), while States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were:  Edo (N1,731.25), Abuja (N1,730.00) and Ebonyi (N1,700.00).

Similarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased in the period under review by -0.81% month-on-month and -2.97% year-on-year to N4,244.35 in July 2018 from N4,278.95 in June 2018.

States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were:  Benue (N4,775.00), Kaduna (N4,716.67) and Akwa Ibom (N4,660.00). States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Oyo (N3,855.63), Ogun (N3,849.09) and Lagos(N3,615.38).

For Automotive Gas Oil (Diesel),  the NBS  indicates that average price paid by consumers for automotive gas oil (diesel) decreased by -0.32% month-on-month and increased by 3.39% year-on-year to N204.32 in July 2018 from to N204.97 in June 2018.

States with the highest average price of diesel were:  Borno(N247.50), Taraba(N231.25) and Gombe (N228.33) States with the lowest average price of diesel were Abuja (N184.00), Adamawa (N180.35) and Nasarawa (N175.83).


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