Prices of cooking gas, others rise in November

The National Bureau of Statistics, NBS, said that the prices of cooking gas and petrol increased month-on-month (MoM) to N2, 000.29 and ₦145.94 in November 2019 respectively.
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However, the bureau noted that the prices of diesel and kerosene dropped to ₦225.08 and ₦324.72 during the period respectively.

In its latest Liquified Petroleum Gas (cooking gas), Price Watch report the NBS said:”Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 1.67percent MoM and decreased by 4.05 percent year-on-year (YoY) to ₦2,000.29 in November 2019 from ₦1,967.46 in October 2019.

“States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (₦2,476.29), Borno (₦2,373.61) and Yobe (₦2,310.60).

“Similarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.40 percent MoM and decreased by 2.85 percent YoY to ₦4,121.15 in November 2019 from N4,104.83 in October 2019.

“States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Akwa Ibom (₦4,622.22), Bayelsa (₦4,611.11) and Anambra (₦4,521.48).”

The bureau’s Premium Motor Spirit (petrol) Price Watch for November 2019 stated:”Average price paid by consumers for premium motor spirit (petrol) decreased by 1.03 percent YoY and increased by 0.32 percent MoM to ₦145.94 in November 2019 from ₦145.48 in October 2019.

“States with the highest average price of premium motor spirit (petrol) were Abia (₦150.69), Cross River (₦150.41) and Adamawa (₦149.85).”

In its National Household Kerosene Price Watch (November 2019), the bureau stated:”Average price per litre paid by consumers for National Household Kerosene decreased by 2.21 percent MoM and increased by 6.44 percent YoY to ₦317.54 in November 2019 from N324.72 in October 2019.

States with the highest average price per litre of kerosene were Cross River (₦359.28), Adamawa (N353.13), and Plateau (₦350.37).

“Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 0.04 percent month-on-month and by 5.69 percent YoY to ₦1,210.37 in November 2019 from ₦1,209.84 in October 2019.

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“States with the highest average price per gallon of kerosene were Borno (₦1,322.22), Jigawa (₦1,308.33) and Adamawa (₦1,306.25).”