Kerosene price rises nearly 4% MoM
By Jeph Ajobaju, Chief Copy Editor
Kerosene price rose N789.75 per litre in July, up 3.68 per cent month-on-month (MoM) on N761.69 in June, according to the latest report by the National Bureau of Statistics (NBS) which also shows the rising cost of cooking gas.
NBS ‘Transport Fare Watch” for July 2022 listed states with the highest average price per litre to include Enugu (N1,003.68,), Ekiti (N989.58), and Osun (N949.12).
States with the lowest average price per litre included Bayelsa (N643.06), Benue (N654.76), and Rivers (N655.24).
Average price for refilling of a 5kg cylinder of cooking gas increased 4.25 per cent MoM to N4,397.68 in July from N4,218.38 in Jun.
It rose 105.35 per cent year-on-year (YoY) from N2,141.59 in July 2021.
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Other states with highest or lowest prices
“States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were: Ebonyi (N11,212.50), Delta (N10,926.92) and Ekiti (N10,883.67), the NBS said, per Vanguard reporting.
“States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Katsina (N8,355.71), Yobe (N8,383.31) and Kano (N8,614.29).
“States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Adamawa (N4,966.67), Plateau (N4,650.00), followed by Kwara and Gombe with (N4,625.00) each.
“States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kano: (N3,981.25), Yobe (N4,000.00) and Bauchi (N4,071.03).
“The average fare paid by passengers for bus journey within city increased by 3.46 percent month-on-month (MoM) to N602.77 in July 2022 from N582.61 in June 2022.
The report said the fare dropped 44.76 per cent YoY to N602.77 in July 2022, from N416.38 in July 2021.
“The average fare paid by commuters for bus journey intercity per drop rose to N3,758.46 in July 2022 indicating an increase of 2.61 percent on a month-on-month compared to the value of N3,662.87 in June 2022.”