Kerosene, cooking gas prices increase in August

The National Bureau of Statistics (NBS) said the average price per litre paid by consumers for household kerosene increased to N400.01 in August from N397.34 in July.

The report obtained from the NBS’s website on Friday, said kerosene price increased by 0.67 per cent month-on-month and by 15.43 per cent year-on-year in the period under review.

According to the report, the highest average price per litre of kerosene were Enugu, where residents bought the product at N494.05, Ebonyi, N489.17 and Cross River N487.50.

The bureau, however, said that residents in Bayelsa paid the lowest price per litre of kerosene in the period at N255.56, followed by Katsina, N322.92 and Osun, N325.

“Similarly, the average price per gallon paid by consumers for kerosene increased by 1.75 per cent month-on-month and by 8.77 per cent year-on-year to N1,325.39 in August from N1,302.56 in July.

“States with the highest average price per gallon of kerosene were Plateau at N1,757.14, Sokoto N1,580 and Cross River N1,533.16.

“States with the lowest average price per gallon of kerosene were Rivers at N964.75, Bayelsa N991.67 and Yobe N1,061.11.

Meanwhile, the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (LPG) otherwise known as cooking gas increased by 3.44 per cent month-on-month and by 11.93 per cent year-on-year to N2,215.33 in August from N2,141.59 in July.

The report said that states with the highest average price for refilling a 5kg cylinder of cooking gas were Akwa Ibom whose residents paid N3,025.45, Benue N2,825 and Jigawa N2,521.43.

It added that residents in Abuja paid the lowest average price per 5kg in August at N1,806, followed by Ondo State N1,840.81 and Lagos State N1,847.70.

“Similarly, the average price for refilling a 12.5kg cylinder for cooking gas increased by 2.09 per cent month-on-month and by 9.14 per cent year-on-year to N4,514.82 in August from N4,422.32 in July.

“States with the highest average price for refilling a 12.5kg cylinder for cooking gas were Abuja at N5,837.26, Kogi N5,237.50 and Ogun N5,170.83.

“States with the lowest average price for refilling a 12.5kg cylinder for cooking gas were Niger at N4,021.06, Kebbi N4,042.91 and Jigawa N4,079.26.”

The NBS said that in arriving at the report, fieldwork 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 audit team subsequently conducted randomly selected verification of the prices recorded.