How Nigerians Paid More For Fuel In January, NBS Releases Breakdown

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From Segun Amure, (The New Diplomat’s Abuja Bureau)

The National Bureau of Statistics, (NBS) in its January monthly report revealed Nigerians paid more for fuel in January 2021 due to the 12.88% increase in the price of premium motor spirit (petrol).

The report chronicled how the price of premium motor spirit increased by 12.88% and decreased month-on-month by -0.97% to N164.09 in January 2021 from N165.70 in December 2020.

According to NBS, the January monthly report collated data from the 774 local governments across all states and the FCT revealed the actual price fuel was sold by fuel suppliers.

Abia led as the state with highest average price of PMS (petrol) in January with (#173.75 ), while Adamawa (N166.25) and Gombe (N165.83) came second and third.

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Other states with the lowest average price of premium motor spirit (petrol) were Lagos (N160.75), Borno (N162.00) and Ekiti (N162.21).

The bureau also revealed the average price paid by consumers for Automotive Gas Oil (diesel) increased by 0.22% month-on-month and decreased by -2.14% year-on-year to N224.86 in January 2021 from N224.37 in December 2020.

States with the highest average price of diesel were Adamawa (N268.33), Zamfara (N262.78) and Kebbi (N257.50).

On the other hand, states with the lowest average price of diesel were Osun (N194.60), Anambra (N195.83) and Enugu (N198.24).

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However, the report further revealed that the average price for the refilling of a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) decreased by – 0.04% month-on-month and by -3.47% year-on-year to N1,949.02 in January 2021 from N1,949.75 in December 2020.

States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,480.00), Adamawa (N2,450.00) and Borno (N2,394.34).

States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Enugu (N1,620.00), Ebonyi (N1,707.12) and Osun (N1,718.18).

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In the similar vein, the average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 0.56% month-on-month and decreased by -0.06% year-on-year to N4,177.55 in January 2021 from N4,154.28 in December 2020.

States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Cross River (N4,791.67), Sokoto (N4,753.42) and Akwa Ibom (N4,614.49).

States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kaduna (N3,291.19), Zamfara (N3,565.83) and Niger (N3,675.00).

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