Nigeria : How Petrol Price Rose As Kero, Gas Declined In Jan

  • 25 February 2021 / News / 112 / Harane

Nigeria : How Petrol Price Rose As Kero, Gas Declined In Jan

The average price paid by consumers for Premium Motor Spirit (PMS) popularly known as petrol increased by 12.88 per cent in January, 2021, compared to the price paid in January, 2020, according to a report released recently by the National Bureau of Statistics (NBS).

However, the report showed that petrol price decreased by -0.97 per cent to N164.09 in January, 2021, from N165.70 in December, 2020.

States with the highest average prices were Abia (N173.75), Adamawa (N166.25) and Gombe (N165.83), while the lowest prices were recorded in Lagos (N160.75), Borno (N1620) and Ekiti (N162.21).

Similarly, the average price for Automotive Gas Oil (AGM) popularly called diesel increased to N224.86 in January, 2021, from to N224.37 in December. The highest prices were felt in Adamawa (N268.33), Zamfara (N262.78) and Kebbi (N257.50), while consumers saw the lowest rates in Osun (N194.60), Anambra (N195.83) and Enugu (N198.24).

Meanwhile, the average price for National Household Kerosene and Liquefied Petroleum Gas (LPG) or cooking gas dropped in January. The average price for refilling a 5kg gas cylinder dropped to N1,949.02 in January from N1,949.75 in December. The lowest prices for refilling 12.5kg gas cylinder were recorded in Kaduna (N3,291.19), Zamfara (N3,565.83) and Niger (N3,675), while they were highest in Cross River (N4,791.67), Sokoto (N4,753.42) and Akwa Ibom (N4,614.49).

Meanwhile, NBS reported that the average price per litre paid by consumers for kerosene dropped from N352.79 in December to N350.55 in January, 2021; with Benue (N441.67), Taraba (N430.00) and Lagos (N402.67) seeing higher prices per litre, while Bayelsa (N244.05), Rivers (N274.56) and Delta (N280.77) had the lowest prices.