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Business News of Friday, 16 October 2020

Source: Economic Confidential

Kerosene: Price per litre increased by 0.42% Month on month – NBS

According to the data recently released by the National Bureau of Statistics (NBS), the average price per litre paid by consumers for National Household Kerosene increased by 0.42% month-on-month and by 9.27% year-on-year, from N346.53 in August 2020 to N347.98 in September 2020.

The States with the highest average price per litre of kerosene were Taraba (N421.43), Ebonyi (N406.67), and Benue (N402.78); while the States with the lowest average price per litre of kerosene were Bayelsa (N256.67), Kebbi (N272.22), and Rivers (N280.83).

Across the zones, the average price per litre was highest in the South East, followed by North East, North Central, South West, South-South and North West.

Similarly, the average price per gallon paid by consumers for National Household Kerosene increased by 0.92% month-on-month and by 1.02% year-on-year, from N1,218.48 in August 2020 to N1,229.66 in September 2020.

The States with the highest average price per gallon of kerosene were Ekiti (N1,380.00), Kebbi (N1,369.23), and Katsina (N1,368.75); while the States with the lowest average price per gallon of kerosene were Osun (N1,035.67), Delta (N1,051.36), and Rivers (N1,097.78).

Across the zones, the average price per gallon was highest in the North West, followed by North Central, North East, South East, South West and South-South zone.

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