LPG price increases by 28.24% – NBS

Kunle Kalejaye 22 February 2017, Sweetcrude, Lagos  – The average price for the refilling of the liquefied petroleum gas, LPG, also known as cooking gas, increased by 28.24 percent year-on-year and 39.39 percent month-on-month to N2,567.56 in January 2017, from N2,002.16 in December 2016, according to the National Bureau of Statistics, NBS.

NBS, in its recently-released data where it used the five-kilogramme cylinder of LPG as reference, stated that states with the highest average price for the refilling of the product were Abuja (N2, 800.00), Kano (N2,750.00) and Oyo (2,700.00) while states with the lowest average price for the refilling of the product were Borno (N2,511.11), Akwa Ibom (N2,520.00) and Bauchi, Benue, Edo, Ekiti, Gombe, Jigawa, Osun, Yobe and Zamfara (N2,500.00)

For Dual Purpose Kerosene, DPK, the average price per litre paid by consumers increased by 87.12 percent year-on-year and 93.19 percent month-on-month to N433.84 in January 2017, from N231.85 in December 2016.

NBS revealed that the states with the highest average price per litre of kerosene were Sokoto (N647.62), Niger (N625.00) and Edo (560.19) while states with the lowest average price per litre of kerosene were Ogun (N324.44), Zamfara (N300.00) and Plateau (N270.00).

The bureau reported that the average price paid by consumers for Automotive Gas Oil, AGO, also known as diesel, increased by 22.56 percent year-on-year and 50.06 percent month-on-month to N240.52 in January 2017, from N196.20 in December 2016.

According to NBS, states with the highest average price of diesel were Abuja & Bayelsa (N270), Delta (N256.77) and Cross River (256.36) while states with the lowest average price of diesel were Enugu (N230.78), Adamawa (N230.50) and Lagos, Oyo, Taraba (N230).

NBS also revealed that the average price paid by consumers for Premium Motor Spirit (petrol) increased by 35.7 percent year-on-year and 1.35 percent month-on-month to N148.7 in January 2017 from N146.7 in December 2016.

States with the highest average price of PMS according to NBS were Borno (N164.09), Oyo (N161.00) and Ebonyi (156.47) while states with the lowest average price of premium motor spirit (petrol) were Kogi (N144.67), Ekiti and Imo (N144.64) and Abuja (N144.20).