A Review of the Nigerian Energy Industry

Kerosene price falls by 0.22 percent in June – NBS

Kerosene

OpeOluwani Akintayo

26 July 2018, Sweetcrude, Lagos — The average price per litre paid by consumers for household kerosene nationwide decreased by -0.22% month-on-month and -2.64% year-on-year to N279.67 in June.

The price dropped from N280.29 in May, newly released statistics by the Nigerian Bureau of Statistics, NBS, show.

While states with the highest average price per litre of kerosene were Abuja (N319.44), Yobe (N309.52) and Enugu (N309.17), those with the lowest average price were Kogi (N243.52), Borno (N235.01) and Abia (N226.67).

Similarly, the average price per gallon paid by consumers for kerosene increased by 2.10% month-on-month and 0.93% year-on-year to N1004.29 in June, from N983.67 in May 2018.

States with the highest average price per gallon of the product were Adamawa (N1175.00), Jigawa (N1147.50) and Kano (N1103.08).

States with the lowest average price per litre of kerosene were Oyo (N903.33), Delta (N891.92) and Rivers (N890.74).

On the flip, average price for the refilling of a 5kg cylinder of Liquefied Petroleum Gas (Cooking gas) decreased by 1.80% month-on-month and 8.17% year-on-year to N2,034.93 in June from N2,072.24 in May.

States with the highest average price for the refilling of the 5kg cylinder were Bauchi (N2,500.06), Borno (N2,465.33) and Gombe (N2,360.95).

States with the lowest average price for the refilling of the 5kg cylinder were Abuja (N1,795.00), Kaduna (N1,716.67) and Ebonyi (N1,699.66).

Similarly, average price for the refilling of a 12.5kg cylinder for the cooking gas decreased by 0.46% month-on-month and 4.38% year-on-year to N4,278.95 in June from N4,298.72 in May.

States with the highest average price for the refilling of the 12.5kg cylinder were Benue (N4,900.21), Kaduna (N4,750.00) and Cross River (N4,650.00). States with the lowest average price were Oyo (N3,831.94), Ogun (N3,809.09) and Lagos (N3,613.04).

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