NBS: Abia, Adamawa, Gombe paid highest for petrol in Jan 2021

February 23, 2021 3:48 pm

DPR: Petrol price may increase to N1,000 per litre if subsidy is removed

The National Bureau of Statistics (NBS) says the average price of premium motor spirit (PMS), also known as petrol, in January 2021 was N164.09.

This was contained in NBS report on premium motor spirit (petrol) for January 2021, released on Tuesday.

The bureau said the average petrol price in January 2021 decreased month-on-month (MoM) by 0.97 per cent at N165.70 in December 2020, however it increased by 12.88 per cent year-on-year (YoY) at N145.37 in January 2020.

States with the highest average price of petrol were Abia (N173.75), Adamawa (N166.25) and Gombe (N165.83); while states with the lowest average price of petrol were Lagos (N160.75), Borno (N162.00) and Ekiti (N162.21).

For the average petrol prices across the six geopolitical zones, south-east was the highest with N166.60, followed by south-south (N164.25) and north-east (N164.06).

Meanwhile, south-west, north-central and north-west had the lowest average price of petrol sold at N162.61, N163.57 and N164.01 respectively.

For automotive gas oil (diesel), NBS said the average price paid by consumers decreased by 2.14 percent YoY to N224.86 in January 2021 from N229.78 paid in the corresponding period last year.

“States with the highest average price of diesel were Adamawa (N268.33), Zamfara (N262.78) and Kebbi (N257.50); while states with the lowest average price of diesel were Osun (N194.60), Anambra (N195.83) and Enugu (N198.24),” the bureau said.

It said the average price for refilling of a 5kg cylinder for liquefied petroleum gas (cooking gas) decreased by 3.47 percent YoY to N1,949.02 in January 2021 from N2019.10 in January 2020.

Similarly, average price for the refilling of a 12.5kg cylinder for cooking gas decreased by 0.06 percent YoY to N4,177.55 in January 2021 from N4,180.24 in January 2020.

Likewise for the average price per gallon paid by consumers for kerosene, NBS said it decreased by 2.21 percent YoY to N1,191.13 in January 2021 from N1,218.09 in January 2020.

However, the average price per litre paid by consumers for kerosene increased by 8.32 percent YoY to N350.55 in January 2021 against the N323.66 paid in the corresponding year.