A Review of the Nigerian Energy Industry

Nigerians paid 2.17% more for 5kg cooking gas in August

*LPG or cooking gas refilling plant.

*Kerosene price increase by average 4.29%
*As diesel averagely increased by 1.79%

OpeOluwani Akintayo

30 September 2018, Sweetcrude, Lagos — The average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (cooking gas) increased by 2.17% month-on-month and 3.19% year-on-year to N2,054.14 in August 2018 from N2,010.45 in July 2018, statistics from the National Bureau of Statistics, NBS has shown.

While states with the highest average price for the refilling of a 5kg cylinder were Bauchi (N2,490.00), Borno (N2,400.00) and Gombe (N2,354.55), states with the lowest average price were Kaduna (N1,825.00), Kano (N1,800.00) and Enugu (N1,791.11).

Similarly, the average price for the refilling of a 12.5kg cylinder for the product increased by 2.88% month-on-month and 8.00% year-on-year to N4,366.48 in August 2018 from N4,244.35 in July 2018.

States with the highest average price for the refilling of a 12.5kg were Benue (N5,100.00), Akwa Ibom (N4,750.25) and Cross River (N4,733.33), while those with the lowest average price include Katsina & Kebbi (N4,000.00), Lagos (N3,952.38) and Oyo (N3,948.13).

For National Household Kerosene, the average price per litre paid by consumers increased by 4.29% month-on-month and 28.04% year-on-year to N288.75 in August 2018 from N276.87 in July 2018.

States with the highest average price per litre were Abuja (N333.33), Yobe (N332.86), and Enugu (N326.67).

Those who paid the lowest average price per litre of kerosene were Borno (N237.61), Abia (N237.08) and Kogi (N233.33).

Similarly, the average price per gallon paid by consumers for the products increased by 8.40% month-on-month and by 10.85% year-on-year to N1084.24 in August 2018 from N1000.19 in July 2018.

States with the highest average price per gallon were Kaduna (N1185.00), Kebbi (N1177.78) & Kano (N1170.59). States with the lowest average price per gallon of kerosene were Zamfara (N1002.78), Oyo (N1002.25) and Oyo (N933.33).

The average price paid by consumers for automotive gas oil (diesel) increased by 1.79% month-on-month and 5.99% year-on-year to N207.98 in August 2018 from to N204.32 in July 2018.

States with the highest average price of diesel were Borno (N242.86), Taraba (N231.67) and Sokoto (N228.33) States with the lowest average price of diesel were Ebonyi (N195), Adamawa (N185) and Nasarawa (N180).

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