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Kerosene, Diesel Price Rise In January


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The National Bureau of Statistics (NBS) has publicly made it known that the average prices for kerosene and diesel increased in January 2019.

The price of kerosene increased month-on-month (MoM) by 5.35 percent to N306.28 per litre last month from N290.74 in December 2018, while the price of diesel rose MoM by 1.59 percent to N225.09 from N221.56.

However, the average price consumers paid for petrol fell marginally by 0.1 percent MoM to N145.70 in January from N145.80 while the price of cooking gas decreased  by 0.63 percent MoM to N2,039.82 in January 2019 from N2,052.79 in December 2018.

According to NBS, States with the highest average price of diesel were Kwara (N249.00), Borno (N243.67) and Ebonyi (N239.29).

However, on the other hand, States with the lowest average price of diesel were Adamawa (N197.50), Rivers (N201.86) and Ekiti (N203.57).

The bureau also noted that average price paid by consumers for premium motor spirit (petrol) decreased 0.1 percent month-on-month (MoM) to N145.70 in January 2019 from N145.80 in December 2018.

Oyo (N150.50), Benue (N150.09) and Taraba (N150.00) were the States with the highest average price of petrol while the prices were low in Abuja (N144.20), Ekiti (N144.00) and Ondo (N144.00).

Meanwhile, the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) fell by 0.63 percent month-on-month to N2,039.82 in January 2019 from N2,052.79 in December 2018.

Also, the  average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by 1.25 percent month-on-month and 1.16 percent year-on-year to N4,277.86 in January 2019 from N4,332.06 in December 2018

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