Skip to main content

Prices of petrol, others fall in January

petrol price

By Elizabeth Adegbesan

ENERGY Consumers paid less for Premium Motor Spirit, PMS, (petrol), National Household Kerosene (NHK) and Liquefied Petroleum Gas (Cooking Gas), in January following decline in prices of the commodities during the month.    

On the contrary, the price of Automotive Gas Oil (diesel) rose during the month.

READ ALSO60% of electricity consumers lack prepaid meters — NERC

The National Bureau of Statistics, NBS, disclosed this in its Petrol Price Watch Report for January released yesterday.

According to the report, the price paid by consumers for petrol fell month-on-month (MoM) by 0.97 percent to N164 in January 2021 from N165 in December 2020.

Similarly, the NBS Kerosene watch report disclosed   that the price per litre paid by consumers for NHK fell   by-0.64 percent MoM   to N350 in January 2021 from N352 in December 2020

Furthermore,the NBS in its Cooking Gas Watch Report, said that the price for the refilling of a 5kg cylinder for Cooking Gas fell   by   0.04 percent MoM   to N1,949   in January 2021 from N1,949 in December 2020.

However, the price of diesel rose by 0.22 percent MoM to N224 in January 2021 from to N224 in December 2020.

The NBS   stated: “Average price paid by consumers for petrol increased by 13 percent year-on-year (YoY) and decreased MoM by 0.97 percent to N164 in January 2021 from N165.70 in December 2020.

“States with the highest average price of petrol were Abia (N173), Adamawa (N166) and Gombe (N165).

“States with the lowest average price of premium motor spirit (petrol) were Lagos (N160), Borno (N162) and Ekiti (N162).

On Kerosene it said: “Average price per litre paid by consumers for kerosene decreased by 0.64 percent MoM and increased by 8.3 percent YoY to N350 in January 2021 from N352 in December 2020.

“States with the highest average price per litre of kerosene were Benue (N441), Taraba (N430) and Lagos (N402).

“States with the lowest average price per litre of kerosene were Bayelsa (N244), Rivers (N274) and Delta (N280).”

  On cooking gas the NBS said: “Average price for the refilling of a 5kg cylinder for Cooking Gas decreased by 0.04percent MoM and by 3.5 percent YoY to N1,949.02 in January 2021 from N1,949.75 in December 2020.”

The post Prices of petrol, others fall in January appeared first on Vanguard News.


https://ift.tt/37JttIl by Urowayino Jeremiah via Vanguard News Albert Einstein Fools of Fortune
Labels:

Comments

Post a Comment

Popular posts from this blog

How to jump-start Nigeria economy post-COVID-19 Pandemic

Nwali Tochukwu Watching with consternation the fall out of events, actions, and inactions of our Nigerian leaders on mitigating the negative impact of COVID-19 Pandemic disruptions on our social and economic lives. As a young dynamic business and entrepreneurship writer, and author cum small business owner, what came into my mind as we navigate the storms of COVID-19, was a common English phrase Adages, Proverbs, first recorded in Fuller’s Gnomologia, 1732: ‘A stitch in time saves nine’ which was translated to literally, solve the problems right now! Why procrastinating? If we, as a nation wants to break away from past mistakes, and present mistakes, we should hold the bull by the horn right now. And avoid the roads of political expediency. That is exactly what the stitch in time simply stood for. Promptly address issues posed by Coronavirus. By quickly sewing up of a small hole or tear in a piece of material, so saving the need for more stitching at a later date when the whole ha...
2 comments
Read more

Where is Aguleri Located?

Aguleri is a prominent town often associated with the mighty river called Omabala wgiyflows through it. It is home to a lot of great men and women of Anambra Stare - notably Willie Obiano. History had it that it was the cradle of Igbo people established by Eri, son of Had, son of Jacob (you got to read your Bible babe). Where is Aguleri located? It can be foueat the north eastern part of Nigeria. They share boundaries with Kano, Umueri, Anam and Nando httpss://twitter.com/share https://google.com https://www.alexa.com/siteinfo/google.com https://www.quantcast.com/google.com https://sharedcount.com/?url=https://google.com https://www.similarsites.com/site/google.com https://facebook.com https://www.alexa.com/siteinfo/facebook.com https://www.quantcast.com/facebook.com https://sharedcount.com/?url=https://facebook.com https://www.similarsites.com/site/facebook.com https://youtube.com https://www.alexa.com/siteinfo/youtube.com https://www.quantcast.com/youtube.com ...
Post a Comment
Read more

Forum of retired Heads of Service, Permanent Secretaries donate N500,000 to Edo COVID-19 fund

Urges residents to complement govt’s efforts to check spread The Edo Forum of Retired Heads of Service and Permanent Secretaries has donated N500,000 to boost the Edo State Government’s response to check the spread of coronavirus disease (COVID-19) in the state. Chairman of the forum, Mallam Ikhelowa Atalasa Hanson, who made the presentation at Government House, Benin City, said the donation will complement the state government’s effort in deploying resources to fight against the spread of the virus. Ikhelowa said as a body, the retired heads of service and permanent secretaries tasked themselves to support the state government’s unalloyed commitment to protecting Edo people. READ ALSO:  COVID-19: Edo records 60 new cases as govt calls for caution On his part, Vice Chairman of the forum, Sir Xerxes Usiobaifo urged residents in the state to comply with all regulations from Nigeria Centre for Disease Control (NCDC) and the state government, noting that COVID-19 is real. He ur...
Post a Comment
Read more