14th February, 2018
The National Bureau of State (NBS) said residents of Osun, Abia and Benue paid the highest average price for purchase of Premium Motor Spirit (PMS) popularly known as petrol in January.
The NBS stated this in “Premium Motor Spirit (Petrol) Price Watch for January 2018’’ posted on its website.
The bureau stated that in Osun, petrol was sold for N228.89 per litre; in Abia it was N227.50 per litre, while it was N223.33 per litre in Benue.
According to the report, average price paid by consumers for petrol increased by 28.4 per cent year-on-year and ll.1 per cent month-on-month to N190.9 in January 2018 from N171.8 in December 2017.
It, however, stated that states with the lowest average price of petrol were Zamfara, Gombe and Kogi, adding that a litre was sold for N159.12, N157.73 and N152.83 in Zamfara, Gombe and Kogi respectively.
This showed that Nigerians bought the product more than the official pump price of N145 per litre.
Meanwhile, the NBS also stated, in its National Household Kerosene Price Watch for January 2018, that average price per litre paid by consumers for Kerosene increased by 1.70 per cent month-on-month.
The bureau stated that the price per litre paid by consumers decreased by-33.42 per cent year-on-year to N288.85 in January 2018 from N284.03 in December 2017.
It stated that states with the highest average price per litre of kerosene were Gombe (N332.37), Edo (N326.39) and Benue (N325.64).
It addition, states with the lowest average price per litre of kerosene were Zamfara (N237.50), Kaduna (N241.23) and Kebbi (N242.98).
Similarly, average price per gallon paid by consumers for the product decreased by -2.30 per cent month-on-month and by -28.56 per cent year-on-year to N1,024.83 in January 2018 from N1,048.97 in December 2017.
It stated that states with the highest average price per gallon of kerosene were Kebbi (N1,253.33), Borno (N1,188.46) and Ekiti (N1,180.00).
It also stated that states with the lowest average price per gallon of kerosene were Benue, which sold the product as N855.00 per gallon, Delta for N875.00 and Abuja for N875.30 per gallon respectively.