Price Watch: Average prices of Kerosene, Diesel and Gas in Nigeria

The average price per litre of Kerosene in Nigeria dropped to ₦305.55 in February 2019, compared to ₦306.28 in January 2019. This is revealed in the National Bureau of Statistics’ Price watch report released for the month of February 2019.

The price of automotive gas oil (diesel), however, inched up to ₦225.61 in February 2019 up from ₦225.09 in January 2019. Similarly, the average price for refilling a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) also increased to ₦2,067.68 in February 2019; up from ₦2,039.82 in January 2019.

Basic Highlights 

  • The average price per litre of Kerosene paid by consumers decreased to ₦305.55
  • But the average price paid by consumers for diesel increased to ₦225.61
  • Average price for the refilling of a 5kg cylinder for gas increased to ₦2,067.68
  • Gombe topped the list of states with the lowest average price per litre of kerosene
  • Jigawa topped the list of stats with the highest average price per gallon of kerosene
  • Niger State witnessed the lowest average price per gallon of kerosene
  • Bauchi State recorded highest average price for the refilling of a 5kg cylinder Cooking Gas
  • Osun state recorded the lowest average price for the refilling of a 5kg cylinder for Cooking Gas
  • kaduna recorded the highest average price of diesel
  • Adamawa state witnessed the lowest average price of diesel in February 2019.

Average prices of Kerosene dropped, while that of gas and diesel increased

The price watch report showed that the average price per litre that consumers paid for Kerosene decreased by -0.27% month-on-month, and 5.85% year-on-year to ₦305.55 in February 2019 compared to ₦306.28 in January 2019. Also, the average price per gallon paid by consumers for Kerosene increased by 2.71% month-on-month and 15.90% year-on-year to ₦1209.73 in February 2019 from ₦1187.75 in January 2019.

The average price paid by consumers for diesel increased by 0.23% month-on-month, and 7.49% year-on-year to ₦225.61 in February 2019 from ₦225.09 in January 2019.

Also, the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased by 1.37% month-on-month and decreased by -4.09% year-on-year to ₦2,067.68 in February 2019, as against ₦2,039.82 in January 2019.

However, the average price for the refilling of a 12.5kg cylinder for Cooking Gas decreased to ₦4,244.91 in February 2019 from ₦4,277.86 in January 2019.

Consumers in Enugu state paid more for Kerosene

The Bureau’s report showed that States with the highest average price per litre of kerosene were Plateau (₦335.55), Anambra (₦332.22), and Enugu (₦329.17). While Gombe (₦265.74), Niger (₦268.42) and Lagos (₦274.35) were states with the lowest average price per litre of kerosene.

States with the highest average price per gallon of kerosene were Jigawa (₦1331.25), Borno (₦1325.00) and Katsina (₦1305.00). Conversely, States with the lowest average price per gallon of kerosene were Niger (₦1,110.00), Kogi (₦1,051.43) and Bayelsa (₦1,105.00).

Diesel was most expensive in Borno State

States with the highest average price of diesel were Borno (₦243.67), Kaduna (₦239.55) and Osun(₦237.14). However, States with the lowest average price of diesel were Adamawa (₦204.38), Ekiti (₦205.72) and Plateau (₦207.50).

Price of cooking gas was highest in Bauchi and Akwa Ibom

The states with the highest average price for the refilling of a 5kg cylinder for cooking gas were Bauchi (₦2,500.00), Cross River (₦2,450.00) and Adamawa/Borno (₦2,400.00). However, states with the lowest average price for the refilling of a 5kg cylinder for Cooking Gas were Osun (₦1,811.11), Kaduna (N1,725.00) and Enugu (₦1,680.00).

States with the highest average price for the refilling of a 12.5kg cylinder for Cooking Gas were Akwa Ibom (₦4,700.00), Abia (₦4,688.89) and Cross River (₦4,759.09). Lastly, states with the lowest average price for the refilling of a 12.5kg cylinder for Cooking Gas were Oyo (₦3,805.88), Ogun (₦3,835.71) and Kano (₦3,775.00)

Comparing prices across the country:

South West paid the lowest price of Cooking Gas – The average price for refilling 5kg of cooking gas was highest in North East (₦2325). Followed by South-South (₦2275.00), North Central (₦2009.52), North West (₦1986.43), South East (₦1959.43) and South West (₦1855.48).

The average price of Kerosene per litre was highest in the South East:

South East recorded the highest average price of Kerosene at ₦322.49 per litre, South West (₦307.21), South-South (₦307.20), North West (₦304.95), North Central (₦303.53) and North East (₦290.47).

Consumers in South East zone paid more for diesel:

Diesel was sold highest in South East at an average price of ₦230.99, North East (₦227.38), South West (₦227.02), North West (₦226.87), SouthSouth (222.64) and North Central (₦220.88).

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