The National Bureau of Statistics (NBS) has said the average price paid by consumers for premium motor spirit (petrol) dropped to N148.1 in June 2018 from N150.2 in May this year.
The drop represented a decrease of -1.5% year-on-year and -1.4% month-on-month in 2018. The bureau said this in its Premium Motor Spirit (Petrol) Price Watch (June 2018).
The statistics office noted further that the average price per litre paid by consumers for National Household Kerosene decreased by -0.22% month-onmonth and -2.64% year-on-year to N279.67 in June 2018 from N280.29 in May 2018. Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 2.10% month-on-month and 0.93% year-on-year to N1004.29 in June 2018 from N983.67 in May 2018.
The report stated that the average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -1.80% month-on-month and -8.17% year-on-year to N2,034.93 in June from N2,072.24 in May this year.
NBS also stated that the average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -0.46% month-on-month and -4.38% year-on-year to N4,278.95 in June from N4,298.72 in May 2018.