A Review of the Nigerian Energy Industry

Nigerians paid an average of N150 for petrol in May

Fuel dispensing machine

OpeOluwani Akintayo

13 June 2018, Sweetcrude, Lagos — Nigerians paid an average price of N150.2 for premium motor spirit (petrol) in May, data from the National Bureau of Statistics, NBS’, Premium Motor Spirit (Petrol) Price Watch for May 2018 has shown.

According to the report, average price paid by consumers for petrol decreased by -0.3% year-on-year and -0.8% month-on-month to N150.2 in May 2018, from N151.4 in April 2018.
While states with the highest average price of petrol were Borno (N166.08), Benue (N160.31) and Akwa Ibom (N159.44), states with the lowest average price of petrol were Katsina (N144.82), Kano (N144.87) and Bauchi (N144.93).

For automotive gas oil (diesel), average price paid by consumers increased by 0.65% month-on-month and 4.91% year-on-year to N205.67 in May 2018 from N204.35 in April.
States with the highest average price of diesel were Taraba (N253.33), Gombe (N227.50) and Kebbi (N224.50)
States with the lowest average price of diesel were Nasarawa (N162.27), Abuja (N183.00) and Adamawa (N186.67).

Average price per litre paid by consumers for National Household Kerosene increased by 0.65% month-on-month and decreased by -7.58% year-on-year to N280.29 in May 2018 from N278.49 in April.
States with the highest average price per litre of kerosene were Abuja (N327.50), Yobe (N313.33) and Cross River (N310.19), while states with the lowest average price per litre of kerosene were Borno (N233.33), Abia (N235.53) and Kogi (N251.04)
Similarly, average price per gallon paid by consumers for kerosene increased by 0.80% month-on-month and decreased by -5.12% year-on-year to N983.67 in May 2018 from N975.82 in April.
States with the highest average price per gallon of kerosene were Jigawa (N1143.33), Yobe (N1130.00) & Adamawa (N1088.89).
States with the lowest average price per litre of kerosene were Oyo (N907.66), Delta (N884.62) and Rivers (N834.09).

On the other hand, average price for the refilling of a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by +0.68% month-on-month and decreased by -15.30% year-on-year to N2,072.24 in May 2018 from N2,058.19 in April.

States with the highest average price for the refilling of a 5kg cylinder of cooking gas were Bauchi (N2,500.00), Gombe (N2,500.00), and Borno (N2,428.57).

States with the lowest average price for the refilling of a 5kg cylinder for cooking gas were Kaduna (N1,687.50), Ebonyi (N1,690.00) and Ekiti (N1,795.00).
Similarly, average price for the refilling of a 12.5kg cylinder cooking gas increased by 0.70% month-on-month and decreased by -13.30% year-on-year to N4298.72 in May 2018 from to N4,268.95 in April.

States with the highest average price for the refilling of a 12.5kg cylinder for cooking gas were Benue (N5,150.00), Kaduna (N4,935.00) and Cross River (N4,687.50), while states with the lowest average price were Oyo (N3,940.38), Ogun (N3,866.67) and Lagos(N3,683.33).

 

In this article

Join the Conversation

Join the Conversation