Nigeria Paid More for Petrol, Diesel and Kerosene in July

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The National Bureau for Statistics (NBS) has published that prices paid by consumers for Premium Motor Spirit (petrol), Automotive Gas Oil (diesel) and National Household Kerosene (NHK) by consumers rose last July, although the price of cooking gas (Liquefied Petroleum Gas) fell during the period.

The NBS, in its Price Watch Reports for petrol, diesel, kerosene and cooking gas released yesterday, stated that price paid by consumers for petrol increased month-on-month (MoM) by 11.44% to N143.63 in July 2020 from N128.88 in June 2020.

According to the Bureau, the price paid by consumers for diesel rose by 0.03% MoM to N224.43 in July 2020 from N224.37 in June 2020. Similarly, per litre price paid by consumers for kerosene increased by 0.44% MoM to N335.54 in July 2020, from N334.08 in June 2020. However, the price for the refilling of a 5kg cylinder for cooking gas fell by 0.13%t MoM to N1,971.34 in July 2020 from N1973.95 in June 2020.

“Average price paid by consumers for premium motor spirit (petrol) decreased by 0.97 percent year-on-year (YoY) and increased MoM by 11.44 percent to N143.63 in July 2020 from N128.88 in June 2020.

“States with the highest average price of premium motor spirit (petrol) were Adamawa/Imo (N145.00), Abia (N144.93) and Enugu (N144.80). The average price paid by consumers for automotive gas oil (diesel) increased by 0.03 percent MoM and decreased by -0.23 percent YoY to N224.43 in July 2020 from to N224.37 in June 2020,” the report said.

Average price per litre paid by consumers for National Household Kerosene increased by 0.44 percent MoM and by 6.17 percent YoY to N335.54 in July 2020 from N334.08 in June 2020. It further indicated that states with the highest average price of diesel were Borno (N263.40), Bauchi (N240.00) and Cross River (N239.12).

“States with the highest average price per litre of kerosene were Taraba (N389.58) , Sokoto (N386.60), and Edo (N384.52). States with the lowest average price per litre of kerosene were Bayelsa (N250.95), Rivers (N270.82) and Zamfara (N277.27).

“Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by 0.13 percent MoM and by 2.64 percent YoY to N1,971.34 in July 2020 from N1973.95 in June 2020.

“States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,485.80), Borno (N2,390.14) and Adamawa (N2,384.21),” the NBS report said.

By Chibisi Ohakah, Abuja


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