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Average price of kerosene increases in April — NBS

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Average price of kerosene increases in April — NBS

The National Bureau of Statistics (NBS), said the average price per litre paid by consumers for National Household Kerosene increased to N316.26 in April from N303.94 recorded in March.


The bureau said this in its “National Household Kerosene Price Watch (April 2019)’’ released on its website in Abuja.

The NBS said the price of kerosene increased by 4.06 per cent month-on month and 13.57 per cent year-on-year in the period under review.

It said states with the highest average price per litre of kerosene include Plateau (N361.90), Anambra (N353.47), and Enugu (N353.33).

It also named states with the lowest average price per litre of kerosene to be Gombe (N269.04), Lagos (N272.02) and Nasarawa (N287.45).

Similarly, the bureau said the average price per gallon paid by consumers for Kerosene increased to N1,211.99 in April from N1,190.89 recorded in March.

It said the average price per gallon of kerosene increased by 1.77 per cent month-on-month and 24.20 per cent year-on-year in the period under review.

It said states with the highest average price per gallon of kerosene were Gombe (N1,361.54), Enugu (N1,322.73)  and Jigawa (N1,321.43).

The NBS also said the states with the lowest average price per gallon of kerosene were Bayelsa (N1,031.67), Akwa Ibom (N1,071.36) and Delta (N1,071.36).

The NBS said in arriving at the report, field work was done by more than 700 NBS staff in all states of the federation supported by supervisors who were monitored by internal and external observers.

It said the NBS audit team subsequently conducted randomly selected verification of the prices recorded.

 

Lucy Nwachukwu: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

Foreign

Average weekly earnings in Ireland up 3.9 pct to 800 euros in Q1

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Average weekly earnings in Ireland increased by 3.9 percent to 801.83 euros (906 United States dollars) in the first quarter of this year when compared with the same period of last year, according to the preliminary figures released by the country’s Central Statistics Office (CSO) on Tuesday.


The CSO figures showed the average hourly earnings in the country also increased by 3.2 percent to 24.81 euros in Q1 2020 when compared with a year ago while the average hourly total labor costs witnessed a year-on-year increase of 3.1 percent to 28.6 euros.

Commenting on the figures, CSO statistician Louise Egan said: “The impact of the pandemic on earnings and labor costs for Q1 2020 is minimal as a result, as most sectors were unaffected for 11 weeks of the quarter, with some sectors unaffected for the entirety of the quarter.”

Ireland reported its first confirmed case of COVID-19 at the very end of February and did not announce a complete lockdown across the country until March 27.

Analysts here believe that the earnings in Ireland could see a drastic drop in the second quarter of this year as an estimated 600,000 people at the peak time during the COVID-19 crisis claimed to have lost their jobs and had to live on the state support income, according to the Irish Department of Employment Affairs and Social Protection. (1 euro = 1.13 United States dollars)

(XINHUA)

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Economy

Average price of kerosene decreases in July — NBS

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The National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene decreased to N316.03 in July from N316.43 in June.

The bureau said this in its “National Household Kerosene Price Watch (July 2019)’’ obtained from its website on Tuesday in Abuja.

The NBS said the price of kerosene decreased by -0.13 per cent month-on month and increased by 14.14 per cent year-on-year in the period under review.

It said that states with the highest average price per litre of kerosene were Abia N388.33, Enugu N378.72 and Anambra N357.14.

It added that states with the lowest average price per litre of kerosene were Benue, Kwara and Nassarawa where the product was sold at N250.

“Similarly, average price per gallon paid by consumers for kerosene decreased by -0.44 per cent month-on-month and increased by 21.10 per cent year-on-year to N1,211.18 in July from N1,1216.53 in June.

“States with the highest average price per gallon of kerosene were Gombe N1,436.15, Taraba N1,376.21 and Jigawa N1,360.

“States with the lowest average price per gallon of kerosene were Osun N1, 071.15, Akwa Ibom N1, 070.75 and Bayelsa N1, 026.15.”

The NBS said that in arriving at the report, field work was done by more than 700 of its staff in all states of the federation supported by supervisors who were monitored by internal and external observers.

It said the NBS audit team subsequently conducted randomly selected verification of the prices recorded.

 

 

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Oil & Gas

NNPC explains increase in price of Kerosene

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The Nigerian National Petroleum Corporation (NNPC) has attributed the increased in the price of household Kerosene in the country to the pressure of demand and supply.


The NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu, told the Nigeria News Agency on Sunday in Abuja that the price of the product had been deregulated.

“The point remains that the prices of the kerosene is deregulated.

“It is not as controlled with reference to Premium Motor Spirit (PMS) known as Petrol, that is why we see the prices moving up and down.

“The important thing is that the trend you are seeing there had to do with supply and demand. The more the demand, the higher the price locally,’’ he said

Ughamadu said that the NNPC remained the sole importer of the product and had been augmenting it with the skeletal production from the refineries.

He reiterated the commitment of the corporation to the adequate supply of petroleum products for Nigerians.

“The corporation is doing everything to ensure that we import more volumes of kerosene because, we believe that this is the energy source that the low income earners in the country use,’’ he added

A check by NAN in some outskirt of the Federal Capital territory indicated that the price of Kerosene ranged between N400 and N500 per litre.

NAN reports that most filling stations along the Kubwa express road, Dutse, and Zuba hardly sell the product.

Most of the consumers buy the products from the road side.

At Dutse market, the price was N400 per litre while within Kubwa it is sold between N450 and N500 per litre.

Mrs Halima Saidu, a seller at Kubwa village market, told NAN that she buys from filling stations at different prices.

“I sell at N450 per litre now but if I buy at higher price at the filling station, I will sell above that,’’ she said.

It will be recalled that he National Bureau of Statistics (NBS) in its National House hold price watch in June said the average price per litre paid by consumers for Kerosene increased to N316.43 in June 2 from N315.91 in May.

The NBS said the price of kerosene increased by 0.17 per cent month-on-month and 13.14 per cent year-on-year in the period under review.

The report said states with the highest average price per litre of kerosene were Anambra at N381.25; Abia, Bayelsa and Akwa Ibom N356.67 and Enugu N352.78.

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Economy

Average price of kerosene increases in June — NBS

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The National Bureau of Statistics (NBS), says the average price per litre paid by consumers for National Household Kerosene increased to N316.43 in June 2019 from N315.91 in May 2019.


The bureau said this in its “National Household Kerosene Price Watch (June 2019)’’ obtained from its website in Abuja.

The NBS said the price of kerosene increased by 0.17 per cent month-on-month and 13.14 per cent year-on-year in the period under review.

It also said that states with the lowest average price per litre of kerosene were Kwara at N254.17, Abuja, N250 and Benue at N249.83.

“Similarly, the average price per gallon paid by consumers for National Household Kerosene increased by 0.49 per cent month-on-month and 21.13 per cent year-on-year to N1,216.53 in June from N1,210.56 in May.

“States with the highest average price per gallon of kerosene were Gombe N1,456.92, Taraba N1,355.42 and Adamawa N1,355.

“States with the lowest average price per gallon of kerosene were Abuja N1,037.50, Akwa Ibom N1,024.44 and Bayelsa at N995.45.”

Edited by Ese E. Ekama

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Contact US: editor @nnn.com.ng, nnnnews247 @gmail.com

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