‘Kerosene and Petrol now cheaper’- FG claims

Nigerians paid less for petrol, diesel and kerosene as the average prices decreased in June compared to the previous month as well as June 2017, the National Bureau of Statistics (NBS) has said. The NBS disclosed this in three reports published on its website on Tuesday.

For petrol, the average price paid by consumers reduced by 1.4 per cent to N148.1 from N150.2 in May. Compared to June 2017, the average price decreased by 1.5 per cent from N150.3. Borno, Kebbi and Sokoto were the states where Nigerians paid the highest average prices for petrol at N162.17, N158.24 and N154.20, respectively.

The states where Nigerians paid the least average prices for petrol were Oyo State at N144.30, FCT Abuja at N144.50, and Lagos State at N144.90. The region where people paid the most for petrol was the North-east at N150.41, while the South-west was recorded as the region with the lowest average price of petrol (N145.52)

For diesel consumers, the average price they paid decreased by 0.34 percent to N204.97 from the N205.67 recorded for May. When compared to June 2017 at N210.42, the average price of diesel also decreased by 2.59 per cent in June.

Taraba had the highest average price of diesel at N255.12, followed by Gombe and Kebbi states at N228.02 and N227.50. However, Nasarawa had the lowest average price of diesel at N175.41 followed by Adamawa and Abuja at N180 and N185.03 respectively.

On the regional level, the North-west was the region where Nigerians paid the highest average price for diesel at N210.72. The South-south had the lowest average price for diesel at N196.72.

The case was not different for kerosene as the average price paid per litre decreased by 0.22 percent to N279.67 in June from the N280.29 recorded in May.

Compared to June 2017, the average price decreased by 2.64 per cent from N287.27 to N279 in 2018. States with the highest average price per litre of kerosene were Abuja (N319.44), Yobe (N309.52) and Enugu (N309.17).

Borno, Abia and Kogi states had the lowest average prices of kerosene at N226.67 N235.01 and N243.52 respectively. On the contrary, the average price per gallon paid by consumers for kerosene increased by 2.10 per cent when compared to May to N1004.29 in June.

Adamawa State has the highest average price per gallon of kerosene at N1175.00. Adamawa was closely followed by Jigawa and Kano states at N1147.50 and N1103.08 respectively. States with the lowest average price per litre of kerosene were Oyo at N903.33), Delta at N891.92 and Rivers at N890.74.

Nigerians paid less for fuel in March NBS revealed 

The average price paid by consumers for petrol, diesel, and kerosene decreased in March compared to February, the National Bureau of Statistics has said The bureau released separate reports on Wednesday on each of the fuel products.

The average price for petrol, per litre, decreased by 5.3 per cent from N172.5 in February to N163.4 in March. The average price recorded for March 2018, however, increased by 9.6 per cent when compared to the N149.4 in March 2017

Although the official price for the sale of petrol in Nigeria is N145, the report shows that petrol is sold at higher prices in almost all Nigeria’s 36 states and Abuja. In fact, only Abuja had petrol selling at the average price of N145 per litre.

Apart from Abuja, the states with the lowest average prices per litre were Bauchi (N145.6) and Kaduna (N147.3). The states with the highest average prices of petrol per litre for March include Taraba (N184.4), Jigawa (N180.9) and Ekiti (N173.9).

For diesel, the average price decreased by 1.65 per cent from N209.9 in February to N206.4 in March. The average price also decreased by 12 per cent when compared to the N234.5 recorded as the average price of diesel for March 2017.

Taraba, Sokoto and Kebbi States had the highest average prices of diesel per litre, at N254.2, N249.2, and N230.8 respectively for March 2018.

The states with the lowest average prices per litre for March 2018 were Delta (N189.6), Bayelsa (N187.5) and Abia (N185.8).

For kerosene, the average price per litre across states was N268.9. The average price was a 6.8 per cent decrease from the N288.6 recorded for February 2018 and a 13.6 per cent decrease from the N311.6 recorded for March 2017.

States with the highest average prices of kerosene per litre were Nasarawa at N305, Yobe at N300.7 and Cross Rivers at N300.6 Abia, Delta and Borno States had the lowest average prices per litre of kerosene at N229.3, N227.7 and N225.1 respectively for March 2018.

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