Average Prices of Petrol, Kerosine and Cooking Gas in May 2018

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Average price paid by consumers for premium motor spirit (petrol) decreased by -0.3% year-on-year and -0.8% month-on-month to N150.2 in May 2018 from N151.4 in April 2018.

States with the highest average price of premium motor spirit (petrol) were Borno (N166.08), Benue (N160.31) & Akwa Ibom (N159.44).

States with the lowest average price of premium motor spirit (petrol) were Katsina (N144.82), Kano (N144.87) & Bauchi (N144.93).

Average price paid by consumers for automotive gas oil (diesel) increased by 0.65% month-on-month and -4.91% year-on-year to N205.67 in May 2018 from N204.35 in April 2018.

States with the highest average price of diesel were Taraba (N253.33) Gombe (N227.50) and Kebbi (N224.50)

States with the lowest average price of diesel were Nasarawa (N162.27), Abuja (N183.00) and Adamawa (N186.67).

Average price per litre paid by consumers for National Household Kerosene increased by 0.65% month-on-month and decreased by -7.58% year-on-year to N280.29 in May 2018 from N278.49 in April 2018.

States with the highest average price per litre of kerosene were Abuja (N327.50), Yobe (N313.33) and Cross River (N310.19).

States with the lowest average price per litre of kerosene were Borno (N233.33), Abia (N235.53) and Kogi (N251.04)

Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 0.80% month-on-month and decreased by -5.12% year-on-year to N983.67 in May 2018 from N975.82 in April 2018.

States with the highest average price per gallon of kerosene were Jigawa (N1143.33), Yobe (N1130.00) & Adamawa (N1088.89).

States with the lowest average price per litre of kerosene were Oyo (N907.66), Delta (N884.62) and Rivers (N834.09).

Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by +0.68% month-on-month and decreased by -15.30% year-on-year to N2,072.24 in May 2018 from N2,058.19 in April 2018.

States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,500.00), Gombe (N2,500.00), and Borno (N2,428.57). States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kaduna (N1,687.50), Ebonyi (N1,690.00) and Ekiti (N1,795.00.

Similarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.70% month-on-month and decreased by -13.30% year-on-year to N4298.72 in May 2018 from to N4,268.95 in April 2018.

States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Benue (N5,150.00), Kaduna (N4,935.00) and Cross River (N4,687.50). States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Oyo (N3,940.38), Ogun (N3,866.67) and Lagos(N3,683.33).

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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