Prices of diesel, petrol drop slightly in June

• Kerosene increases by 8.01%

By Odunewu Segun

Prices of Premium Motor Spirit, PMS also known as petrol, Automotive Gas Oil, also known as diesel, Liquefied Petroleum Gas LPG in the month of June, 2017, the National Bureau of Statistics have stated on Monday.

National Daily gathered from the data that while others dropped, average price per litre paid by consumers for National Household Kerosene increased by 8.01 percent month-on- month and by 30.49 percent year-on-year to N303.29 in May 2017 from N280.80 in April 2017.

From the data, Anambra topped States with highest average price per litre for Kerosene at N334.52. Kwara came second with N323.81 and Bauchi with N312.67 trailing third. States with the lowest average price per litre of kerosene were Osun (N273.96), Oyo (N271.15) and Sokoto (N261.90).

On the other hand, National Daily gathered that the average price paid by consumers for PMS increased by 1.2 percent year-on-year and decreased by -0.3 percent month-on-month to N150.3 in June 2017 from N150.7 in May 2017.

ALSO SEE: Apapa-Wharf road gridlock can result to fuel scarcity – NUPENG

States with the highest average price of PMS according to the data were Yobe (N168), Gombe (N167.50) and Adamawa (162.50) while states with the lowest average price of premium motor spirit (petrol) were Abuja, Edo, Ekiti, Ogun, and Osun (N145), Ondo & Kano (N145.3) and Kwara & Oyo (N145.5).

The data stated that the average price paid by consumers for AGO decreased by 2.72 percent month-on-month and increased by 14.73 percent year-on-year to N210.42 in June 2017 from N216.30 in May 2017.

It added that states with the highest average price of diesel were Kwara (N235.56) Adamawa (N227.50) and Niger (N230.00) while states with the lowest average price of diesel were Osun (N192.50), Delta (N191.25) and Anambra (N184.17).

On LPG, the data states that the average price for the refilling of a 5 kg cylinder decreased by 9.43 percent month-on-month and increased by 12.9 percent year-on-year to N2, 215.96 in June 2017 from N2, 446.57 in May 2017.

“States with the highest average price for the refilling of a 5 kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kebbi and Yobe (N2, 400.00), Zamfara (N2, 399.18) & Adamawa (2,390.00) while states with the lowest average price for the refilling of a 5 kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kaduna, and Niger (N2, 000), Kogi (N2, 005.00) and Oyo oN2, 033.33),” NBS revealed