The price per litre of kerosene was highest in Benue, Taraba, and Lagos States in January, selling at N441.67, N430.00 and N402.67 respectively, the National Bureau of Statistics has said.

The bureau disclosed this in its January Kerosene Price Watch published on Tuesday.

It said the average price per litre paid by consumers for National Household Kerosene decreased by 0.64 per cent month on month and increased by 8.31 per cent year on year to N350.55 in January 2021 from N352.79 in December 2020.

“Benue (N441.67), Taraba (N430.00), and Lagos (N402.67) States paid the highest average price per litre,” the report said.

According to the NBS, the states with the lowest average prices per litre of kerosene were Bayelsa (N244.05), Rivers (274.56) and Delta (N280.77).

Similarly, the average price per gallon paid by consumers for National Household Kerosene increased by 1.32 per cent month on month and decreased by -2.21 per cent year on year to N1,191.13 in January 2021 from N1,175.59 in December 2020.

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“States with the highest average price per gallon of kerosene were kebbi (N1,580.00), Nasarawa (N1,465.50), and Gombe (N1,435.56),” the report said

“States with the lowest average price per gallon of kerosene were Bayelsa (846.67), Rivers (N847.22), and Sokoto (N855.56).”

Methodology

The bureau said the fieldwork was done by over 700 NBS staff in all states of the federation supported by supervisors who are monitored by internal and external observers.

It said fuel prices were collected across all the 774 local governments across all states and the FCT from over 10,000 respondents.

“The locations reflect actual prices households said they actually bought fuels, together with the price reportedly sold by the fuel suppliers,” the report said.

Source

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