Nigerians bought petrol for N190.9/liter in January 2018- NBS

On the average, Nigerians bought a liter of Premium Motor Spirit (Petrol) for N190.9 in January, indicating that they paid N19 extra for the product as against what it sold the previous month.

The National Bureau of Statistics (NBS) said that the average price paid by consumers for fuel increased by 28.4% year-on-year and 11.1% on month-on-month basis.

The report shows that the product was costliest were Osun, Abia and Benue with the following prices respectively N228.89, N227.50 and N223.33, while states with the lowest average price of premium motor spirit (petrol) were Zamfara (N159.12), Gombe (N157.73) and Kogi (N152.83).

Similarly, the report shows that the average price paid by consumers for automotive gas oil (diesel) increased by 3.89% month-on-month and decreased by -5.89% year-on-year to N213.82 in January 2018 from N205.81 in December 2017.

States with the highest average price of diesel were Sokoto (N256.00) Kebbi (N255.45) and Taraba (N250.25) while states with the lowest average price of diesel were Bayelsa (N181.67), Ondo (N183.75) and Abia (N190.56).

The average price per litre paid by consumers for National Household Kerosene increased by 1.70% month-on- month and decreased by-33.42% year-on-year to N288.85 in January 2018 from N 284.03 in December 2017.

States with the highest average price per litre of kerosene were Gombe (N332.37), Edo (N326.39) and Benue (N325.64) while states with the lowest average price per litre of kerosene were Zamfara (N237.50), Kaduna (N241.23) and Kebbi (N242.98).

 

Cynthia Egboboh, Abuja