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Business News of Thursday, 21 January 2021

Source: economicconfidential.com

Average kerosene price decreases by -0.17% - NBS

File photo: Kerosene File photo: Kerosene

The National Bureau of Statistics (NBS) has said the average price per litre paid by consumers for National Household Kerosene decreased by -0.17 per cent month-on-month and increased by 10.05 per cent year-on-year to N352.79 last December from N353.38 the previous month.

This was contained in the National Household Kerosene Price Watch (December 2020) that our correspondent obtained yesterday.

The document said, similarly, the average price per gallon paid by consumers for National Household Kerosene decreased by -3.52 per cent month-on-month and by -3.06 per cent year-on-year to N1,175.59 in last December from N1,218.50 last November.

According to the report, states with the lowest average price per litre of kerosene were Bayelsa (N235.95), Rivers (N302.04) and Delta (N307.69).

The data added that states with the highest average price per litre of kerosene were Benue (N436.81), Ebonyi (N425.83) and Taraba (N423.33).

NBS said states with the highest average price per gallon of kerosene were Kebbi (N1,534.21), Nasarawa (N1,488) and Benue (N1,450).

The report noted that states with the lowest average price per gallon of kerosene were Sokoto (N733.33), Bayelsa (N773.75) and Adamawa (N822).