Average petrol price decreases by -0.94 per cent in December

By John Ofikhenua, Abuja

The National Bureau of Statistics (NBS) has said that average price paid by consumers for premium motor spirit (petrol) increased by 14.00 per cent year-on-year and decreased month-on-month by -0.94 per cent to N165.70 in December 2020 from N167.27 in November 2020.

This was contained in the “Premium Motor Spirit (Petrol) Price Watch – December 2020,” on the Bureau’s website.

States with the highest average price of premium motor spirit (petrol) were Abia (N176.19), Kwara (N172.43) and Kebbi (N169.92) according to the report.

It also said that states with the lowest average price of premium motor spirit (petrol) were Kaduna (N155.00), Katsina (N160.25) and Bauchi (N162.57).

In a similar development, the NBS said that the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.12 per cent month-on-month and decreased by -3.41 per cent year-on-year to N1,949.75 in December 2020 from N1,947.47 in November 2020.

Its report titled “Liquefied Petroleum Gas (Cooking Gas) Price Watch – December 2020”, which made the disclosure that states with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,489.12), Borno (N2,396.69) and Adamawa (N2,392.88).

The data also said that states with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Enugu (N1,563.75), Imo (N1,678.89) and Oyo (N1,691.67).

Similarly, according to the report, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 1.75 per cent month-on-month and decreased by -0.52 per cent year-on-year to N4,082.97 in December

2020 from N4,082.97 in November 2020.

The NBS said average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.12 per cent month-on-month and decreased by -3.41 per cent year-on-year to N1,949.75 in December 2020 from N1,947.47 in November 2020.

The report added that states with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Delta (N4,838.46), Cross River/Sokoto (N4,800.00) and Akwa Ibom (N4,614.49).

The data said states with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kaduna (N3,191.67), Zamfara (N3,462.50) and Niger (N3,500.00).



Source: The Nation

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