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Average price of kerosene decreased in February – NBS

By Elizabeth ADENUGA

The National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene decreased to N305.55 in February from N306.28 recorded in January.

The bureau said this in its “National Household Kerosene Price Watch (February 2019)’’ released on Thursday in Abuja.

According to the NBS, the price of kerosene decreased by -0.27 per cent month-on- month and 5.85 per cent year-on-year in the period under review.

It said states with the highest average price per litre of kerosene are Plateau (N335.55) , Anambra (N332.22), and Enugu (N329.17).

It also named states with the lowest average price per litre of kerosene to be Gombe (N265.74), Niger (N268.42) and Lagos (N274.35).

Similarly, the bureau said the average price per gallon paid by consumers for kerosene increased to N1209.73 in February from N1187.75 in January.

It said the price per gallon of kerosene increased by 2.71 per cent month-on-month and 15.90 per cent year-on-year in the period under review.

“States with the highest average price per gallon of kerosene are Jigawa (N1331.25), Borno (N1325.00) and Katsina (N1305.00).

“Also, states with the lowest average price per gallon of kerosene are Niger (N1,110.00), Kogi (N1,051.43) and Bayelsa (N1,105.00).

The NBS said in arriving at the report, field work was done by more than 700 NBS staff in all states of the federation supported by supervisors who were monitored by internal and external observers.

It said the NBS audit team subsequently conducted randomly selected verification of the prices recorded.===NAN

 

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