Price of cooking gas rises by 21% in November - NBS

- National Bureau of Statistics (NBS) states that the average price of cooking gas rose by 21.16 percent in November

- It states that prices of petrol, diesel, and kerosene drop by 1.3%

- The bureau also states that the average fare paid by commuters for bus journey within city and intercity increased by 7.51 percent and 14.78 percent, respectively

The National Bureau of Statistics (NBS) on Wednesday, December 20, released its reports on liquefied petroleum gas (cooking gas), transport fare, household kerosene, premium motor spirit (petrol) and automotive gas oil (diesel) for the month of November.

According to the reports made available to Vanguard, the average price of cooking gas rose by 21.16 percent in November while the prices of petrol, diesel, and kerosene dropped by 1.3%.

The report also stated that the average fare paid by commuters for bus journey within the city and intercity increased by 7.51 percent and 14.78 percent, respectively.

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Read the reports in part below:

“Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.16 percent month-on-month and 21.16 percent year-on-year to N2, 377.81 in November 2017 from N2,374.07 in October 2017.

“States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Benue (N2,740.00), Osun (N2,616.66) and Enugu (N2,563.00).

“States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kogi (N2,100.00), Plateau (N2,008.33) and Abuja (N2,000.00).”

“The average fare paid by commuters for bus journey within the city increased by 7.51 percent month-on-month and 18.89 percent (YoY) to N138.19 in November 2017 from N128.54 in October 2017. States with the highest bus journey fare within city in November 2017 were Abuja FCT (N362.50), Cross River (N214.29) and Adamawa (N206.66) while states with lowest bus journey fare within city in November 2017 were Katsina (N76.66), Borno (N75.73) and Ogun (N70.72).

“Average fare paid by commuters for bus journey intercity increased by 14.78 percent month-on-month and 2.04 percent (YoY) to N1,505.00 in November 2017 from N1,474.90 in October 2017. States with highest bus journey fare intercity in November 2017 were Abuja FCT (N4500.00), Adamawa (N2,947.75) and Benue (N2,410.00) while states with lowest bus journey fare within city in November 2017 were Bayelsa (N9,33.33), Katsina (N898.27) and Kano (N795.45).”

“The average price paid by consumers for premium motor spirit (petrol) decreased by 0.7 percent (YoY) and 0.3 percent (MoM) to N 145.6 in November 2017 from N146 in October 2017. States with the highest average price of petrol were Bayelsa (N150.5), Akwa Ibom (N 150.33) & Ebonyi (N148.57). States with the lowest average price of premium motor spirit (petrol) were Plateau (N143.6), Abuja FCT and Nasarawa (N144) & Katsina (N144.08).”

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“The average price paid by consumers for automotive gas oil (diesel) decreased by 1.33% month-on-month and increased by 1.84 percent (YoY) to N199.26 in November 2017 from N201.96 in October 2017. States with the highest average price of diesel were Kebbi (N219.37) Taraba (N217.50) and Sokoto (N216.66).”

Earlier, NAIJ.com reported that Nigeria spent N2.068 trillion on the importation of petroleum products within a nine-month period, from January to September 2017, rising by 14.32 per cent from N1.809 trillion recorded in the same period in 2016.

NAIJ.com gathered that data obtained from the NBS' Foreign Trade Statistics for third quarter 2017, of the total petroleum products imported, N1.541 trillion was spent on the importation of premium motor spirit, also known as petrol.

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Source: Naija.ng