NBS reports price per liter of Kerosene declines by 0.64%

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NBS reports price per liter of Kerosene declines by 0.64%

The National Bureau for Statistics (NBS) Thursday said in January 2021, consumers paid less for a litre of Kerosene than they did in December 2020.

The Bureaus’ Price Watch report released for the month of January 2021 shows that the average price per litre paid by consumers for National Household Kerosene declined by 0.64 per cent from N352.79  in December 2020 to N350.55 in January 2021.

Similarly, NBS reports in January 2021 shows that consumers paid more for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) than they did in December 2020.

According to the report, the average price for refilling a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.56 per cent in January 2021 compared to the month of December 2020 but decreased by 0.06 per cent compared to January 2020.

The average cost of refilling the 12.5kg gas cylinder increased from N4,154.28 in December 2020 to N4,177.55 in January 2021.

Consumers in Cross River (N4,791.67), Sokoto (N4,753.42) and Akwa Ibom (N4,614.49) paid the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas), while consumers in Kaduna (N3,291.19), Zamfara (N3,565.83) and Niger (N3,675.00) paid the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas).

Meanwhile, according to the report, the average price per gallon paid by consumers for National Household Kerosene increased by 1.32 per cent from N1,175.59 in December 2020 to N1,191.13 in January 2021.

Consumers in (N441.67), Taraba (N430.00) and Lagos (N402.67) paid the highest average price per litre of kerosene while consumers in Bayelsa (N244.05), Rivers (N274.56) and Delta (N280.77) paid the lowest average price per litre of kerosene.

Similarly, consumers in Kebbi (N1,580.00), Nasarawa (N1,465.50) and Gombe (N1,435.56) paid the highest average price per gallon of kerosene while consumers in Bayelsa (N846.67), Rivers (N847.22) and Sokoto (N855.56) paid the lowest average price per gallon of kerosene.

Kerosene has remained an important source of energy for cooking for most families, both in rural areas and cities.

In December 2020, consumers paid less for both per litre and gallon of Kerosene than they did in November 2020.

This is a good development that the price per litre of Kerosene has been dropping since December 2020, considering that Kerosene is a product for the masses in the rural areas and thus their prices should be quite reasonable and affordable.

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