Kerosene, Gas Prices Rise By 88% In One Year – NBS

The National Bureau of Statistics (NBS) has mentioned that main cooking fuels, kerosene and cooking fuel recorded an 88 percent tag amplify internal one yr.

In a yarn titled, “National Family Kerosene Brand Understanding”, the bureau acknowledged that the price of kerosene went up by 86.94 per cent in a single yr.

The yarn added that the frequent retail tag per litre of family kerosene (HHK) paid by consumers in May 2022 increased by 15.21 per cent on a month-on-month foundation from N589.82 in April 2022 to N679.54 in May 2022.

The affirm profile diagnosis showed that the best average tag per litre in May 2022 become as soon as recorded in Enugu with N868.75, adopted by Ebonyi with N861.11 and Imo with N801.67.

On the varied hand, the lowest tag become as soon as recorded in Bayelsa with N558.06, adopted by Yobe with N601.39 and Nasarawa with N603.33.

Apart from, the South-East recorded the best average retail tag per litre of family kerosene with N773.09, adopted by the South-West with N738.19 and the North-Central with N668.78, whereas the North-East recorded the lowest with N632.06.

Moreover, in a separate yarn titled “Liquefied Petroleum Gasoline (Cooking fuel) Brand Understanding,” the NBS mentioned the frequent retail tag for cooking fuel increased by 89.28 percent from N2071.69 in May 2021.

In step with the yarn, the frequent retail tag per litre of Family Kerosene paid by consumers in May 2022 increased by 15.21 per cent on a month-on-month foundation from N589.82 in April 2022 to N679.54 in May 2022.

Essentially based on affirm profile diagnosis, the best average tag for refilling a 5kg Cylinder of Liquefied Petroleum Gasoline (Cooking Gasoline) become as soon as recorded in Gombe with N4366.67, adopted by Bayelsa with N4325.00 and Adamawa with N4250.00. On the varied hand, Yobe recorded the lowest average tag with N3200.00; this become as soon as adopted by Ogun and Ondo with N3450.00 and N3480.77 respectively.

Apart from, costs analysed by zones trace that the frequent retail tag for refilling a 5kg cylinder of cooking fuel become as soon as perfect within the South-East with N 4094.39 adopted by the North-Central with N3989.98 and South-South with N3977.72, whereas the South West recorded the lowest average retail tag of N3719.53.

When aggregated, each and every merchandise hit an 88.11 per cent average, in conserving with the numbers for the previous 12 months.