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Kerosene Price Rises To N789.755 In July

The average price of National Household Kerosene, NHK, increased    Month-on-Month, MoM, by 3.68 per cent to N789.75 in July 2022, from N761.69 in June 2022, according to the National Bureau of Statistics, NBS report released yesterday.

Also, during the same period, the report says that the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 4.25 per cent month-on-month to N4, 397.68 in July 2022 from N4, 218.38 in June 2022 and by 105.35 per cent year-on-year from N2,141.59 in July 2021.

“States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Katsina (N8,355.71), Yobe (N8,383.31) and Kano (N8,614.29).

It added: “States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kano:   (N3,981.25), Yobe (N4,000.00) and Bauchi (N4,071.03).”

The report stated that the fare dropped by 44.76 per cent YoY to N602.77 in July 2022, from N416.38 in July 2021, adding:    “the average fare paid by commuters for bus journey intercity per drop rose to N3,758.46 in July 2022 indicating an increase of 2.61 per cent on a month-on-month compared to the value of N3,662.87 in June 2022.”

Vanguard.

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