Average Value For Petroleum Item Increases In October : 19 11 2017

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The National Bureau of Statistics (NBS) stated the typical value paid by shoppers for Premium Motor Spirit (Petro) improved by .1 per cent year-on-year and 1. per cent month-on-month in October.


According to a report obtained from the NBS website by the News Agency of Nigeria (NAN), the cost of petro elevated to N146 in October from N144.five in September 2017.


The report reviewed states with the highest typical price of premium motor spirit (petrol) to contain Yobe (N 152.50), Benue (N 150.83) and Ebonyi (N148.57).


It named states with the lowest typical price tag of petro to be Ekiti and Katsina (N143.73), Jigawa
(N143.80) and Abuja FCT (N144).


According to the report, the average value for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 24.20 per cent month-on-month and 14.86 per cent year-on-year.


It explained that the price tag of cooking gas elevated to N2,374.07 in October 2017 from N1,911.44 recorded in September 2017.


It said the states with the highest average cost for the refilling of a 5kg cylinder for cooking gas have been Bauchi and Osun (N2,500.00), Yobe (N2,433.33) and Katsina (N2,412.50).


It said the states with the lowest average price tag for the refilling of a 5kg cylinder for cooking gas have been Taraba and Oyo (N2,200.00), Sokoto and Ebonyi (N2,300.00) and Benue (N2,328.57).


"Similarly, average price for the refilling of a 12.5kg cylinder for cooking gas decreased by -2.60 per cent month-on-month and -three.40 per cent year-on-year to N4, 561.14 in October 2017 from N3, 937.71 in September 2017.


"States with the highest average value for the refilling of a 12.5kg cylinder for cooking gas had been Sokoto (N4,766.67), Abia (N4,712.50) and Anambra (N4,692.31).


"Also, states with the lowest typical price tag for the refilling of a 12.5kg cylinder for cooking gas incorporate Nasarawa (N4,359.38), Kano and Bayelsa (N4,400) and Kebbi (N4,420.00).


On National Household kerosene, the report noted that the average cost per litre paid by customers for kerosene also enhanced in the month under review.


According to the report, National Household Kerosene improved by 3.39 per cent month-on-month and decreased by -six.59% year-on-year to N273.44 in October 2017 from N264.48 in September 2017.


"States with the highest average cost per litre of kerosene have been Oyo (N324.76), Borno (N323.61) and Rivers (N320.37).


"States with the lowest average cost per litre of kerosene had been Osun (N233.33), Ondo (N237.50) and Enugu (N237.78).


"Similarly, typical price per gallon paid by customers for National Household Kerosene elevated by 6.31per cent month-on-month and by 8.34 per cent year-on-year to N1,035.12 in October 2017 from N973.72 in September 2017.


The report noted that Adamawa, Benue and Ondo States recorded the highest typical price tag per gallon of kerosene of N1,185.83, N1,175.00 and N1,160.00 respectively.


It also noted the states with the lowest typical price tag per litre of kerosene to include things like Lagos (N912.11), Sokoto (N918.33) and Anambra (N927.00).


Similarly, the report additional mentioned the typical value paid by buyers for automotive gas oil (diesel) improved by 9.28 per cent month-on-month and 7.85per cent year-on-year this month.gov.ukyohaig.ng</a>
It stated that the average cost for diesel increased to N201.96 in October 2017 from N184.80 in the month of September 2017.