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Average price of diesel increases in Nigeria

The National Bureau of Statistics (NBS) has said the average price paid by Nigerian consumers for automotive gas oil (diesel) increased from N211.64 in September to  N216.75 in October.
The NBS disclosed this in its “Automotive Gas Oil (Diesel) Price Watch for October 2018” report released in Abuja.
The report showed that the price of diesel decreased by 2.42 per cent month-on-month and 7.33 per cent year-on-year.
According to the bureau,  states with the highest average price of diesel are Lagos (N238.55), Oyo (N231.32) and Sokoto (N231.25).
It named states with the lowest average price of diesel to include Bayelsa (N189.44), Zamfara (N200.71) and Plateau (N203.93).
Meanwhile,  the bureau said the average  price paid by consumers for Premium Motor Spirit (Petrol)  decreased from N147.30 in September to N147.20 in October in the period under review.
The bureau in its Premium Motor Spirit (Petrol)  Price Watch 2018 , said the price decreased by -0.8 per cent year-on-year and by -0.1per cent month-on-month.
It said states with the highest average price of petrol were Kebbi (N155.24), Benue (N153.33) & Taraba (N153.00).
According to NBS,  states with the lowest average price of premium motor spirit (petrol) are Katsina (N144.45), Jigawa (N144.29) & Sokoto (N144.20).
It also sad that the average cost of refilling a five kilogramme (kg) cylinder for Liquefied Petroleum Gas (Cooking Gas) increased from N2,107 recorded in September to N2,145.30 in October.
It said the price for refilling a five kg cylinder of cooking gas increased by 1.7 per cent month-on-month and decreased by -9.64 per cent year-on-year in the period under review.
According to the bureau, states with the highest average price for refilling of a five kg cylinder for cooking gas are Bauchi (N2,550.00), Gombe (N2,500.00) and Borno (N2,488.89).
It said states with the lowest average price for refilling a five kg cylinder for cooking gas are Enugu (N1,918.18), Ebonyi (N1,916.67) and Kwara (N1,900.00).
Similarly, the NBS said the average cost of refilling a 12.5kg cylinder for cooking gas increased from N4,376.19 in September to N4,437.54 in October.
It said the price increased by by 1.40 per cent month-on-month and decreased by -2.71per cent year-on-year in the month under review.
“States with the highest average price for the refilling of a 12.5 kg cylinder for cooking gas are Akwa Ibom (N5,150.00), Anambra (N4,861.54) and Borno (N4,785.71).
“Also, states with the lowest average price for the refilling of a 12.5 kg cylinder for cooking gas are Oyo (N4198.53), Yobe (N4,115.81) and Zamfara & Kebbi (N4,100.00).’’

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