Nigeria: PMS, LPG, AGO prices increased in February – NBS

*Petrol pump.

*As Kerosene decreases

Kunle Kalejaye

14 March 2017, Sweetcrude, Lagos — The average prices for Liquefied Petroleum Gas, LPG, (cooking gas), Premium Motor Spirit, PMS, (petrol), Kerosene and Automotive Gas Oil, AGO, (diesel) have increased month-on-month by 5.48 percent, 0.7 percent, and 3.68 percent respectively except for kerosene according to National Bureau of Statistic, NBS.

NBS in its monthly report specifically states that the average price for the refilling of a 5kg cylinder of cooking gas increased by 5.48 percent month-on-month and 45.59 percent year-on-year to N2,708.38 in February 2017 from N2,567.56 in January 2017

The report added that states with the highest average price for the refilling of a 5kg cylinder for cooking gas were Edo (N3,030.00), Abia, Akwa Ibom, Bayelsa, Cross River, Zamfara, Rivers and Kebbi (N3,000)  and Delta (2,984.62).

Meanwhile, the data stated that average price paid by consumers for premium motor spirit (petrol) increased by 50.1 percent year-on-year and 0.7 percent month-on-month to N149.8 in February 2017 from N148.7 in January 2017 adding that states with the highest average price of premium motor spirit (petrol) were Yobe (N177), Sokoto (N162.1) & Taraba (161.7).

“States with the lowest average price of premium motor spirit (petrol) were Lagos (N144.9), Delta (N144.8) and Osun (N144.7). Kogi State has the highest average price in the North Central for February 2017 while Abuja has the least average price

“Yobe State has the highest average price in the North East for February 2017 while Gombe and Adamawa States have the least average price. Sokoto State has the highest average price in the North West for February 2017 while Kano State has the least average price.

“Ebonyi State has the highest average price in the South East for February 2017 while Anambra State has the least average price. Bayelsa State has the highest average price in the South South for February 2017 while Delta State has the least average price.

“Ondo State has the highest average price in the South West for February 2017 while Osun State has the least average price,” the report added.

For kerosene, NBS said the average price per litre paid by consumers for National Household Kerosene decreased by 18.77% month-on-month and increased by 31.34% year-on-year to N352.42 in February 2017 from N433.84 in January 2017.

NBS added that states with the highest average price per litre of kerosene were Lagos (N455), Ogun (N425.44) & Ondo (424.07) while states with the lowest average price per litre for kerosene were Sokoto (N295.24), Gombe (N291.67) and Katsina (N286.11).

For AGO, the report said the average price paid by consumers increased by 3.68 percent month-on-month and 68.74 percent year-on-year to N249.38 in February 2017 from N240.52 in January 2017.

“States with the highest average price of diesel were Adamawa (N280), Ebonyi (N272.5) & Cross Borno (271). States with the lowest average price of diesel were Oyo (N226.67), Bauchi (N226) and Osun (N220,” NBS stated.

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  • Wilfred Abicoco

    nice one,Nigeria price keep increasing