Business Hilights

Tracking Nigeria's Headline Business News Online

Cooking-gas
Energy

Cooking energy crisis looms as prices of gas, Kerosene jump in major cities

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

Checks at several petrol stations in parts of Lagos, Kano, Abuja and Enugu States have shown astronomic rise in the prices of National Household Kerosene, Automotive Gas Oil (Diesel) and refilling of Liquefied Natural Gas (Cooking gas) increased.

Whereas Kerosene scarcity is biting harder at over N300 a litre or N280 in some stations, statistics released by the National Bureau of Statistic (NBS) in its Petroleum Price Watch for the month of May, show 0.65 per cent rise in the product, 0.65 per cent jump in Diesel and 0.68 per cent hike in LPG.

NBS report noted that average price per litre paid by consumers for National Household Kerosene increased by 0.65 per cent from N278.49 in April 2018 to N280.29 in May 2018.

Besides, states with the highest average price per litre of kerosene were Abuja, N327.50; Yobe, N313.33; and Cross River, N310.19, while states with the lowest average price per litre of kerosene were Borno, N233.33; Abia, N235.53; and Kogi, N251.04.

States with the highest average price per gallon of kerosene were Jigawa N1143.33; Yobe, N1130.00; and Adamawa, N1088.89 and those with the lowest average price per litre of kerosene were Oyo, N907.66; Delta, N884.62; and Rivers, N834.09.

Also, average price paid by consumers for Automotive Gas Oil (diesel) increased by 0.65 per cent from N204.35 in April 2018 to N205.67 in May 2018.

States with the highest average price of diesel were Taraba, N253.33; Gombe, N227.50; and Kebbi, (N224.50, while those with the lowest average price of diesel were Nasarawa, N162.27; Abuja, N183; and Adamawa, N186.67.

Average price for the refilling of a 5kg cylinder for Cooking Gas increased by +0.68 per cent from N2,058.19 in April 2018 to N2,072.24 in May 2018.

NBS revealed further that states with the highest average price for the refilling of a 5kg cylinder for Cooking Gas were Bauchi, N2,500; Gombe, N2,500; and Borno, N2,428.57.

States with the lowest average price for the refilling of a 5kg cylinder for Cooking Gas were Kaduna, N1,687.50; Ebonyi, N1,690.00; and Ekiti, N1,795.00.

In some parts of the country, average price for the refilling of a 12.5kg cylinder for Cooking Gas increased by 0.70 per cent from N4,268.95 in April 2018 to N4298.72 in May 2018.

States with the highest average price for the refilling of a 12.5kg cylinder for Cooking Gas were Benue, N5,150; Kaduna, N4,935; and Cross River, N4,687.50, while states with the lowest average price for the refilling of a 12.5kg cylinder for Cooking Gas were Oyo, N3,940.38; Ogun, N3,866.67; and Lagos, N3,683.33.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.