Consumers spent lower for Kerosene in December than in November 2020 – NBS report reveals

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By Francis Ogwo

Reports from the latest National Bureau for Statistics (NBS) Price Watch for the month of December 2020 has shown that the average price per litre paid by consumers for National Household Kerosene dropped by 0.17% from N353.38 in November 2020 to N352.79 in December 2020.

More details from the report also showed that the average price per gallon paid by consumers for National Household Kerosene dropped by 3.52% from N1,218.50 in November 2020 to N1,175.59 in December 2020.

Across the states in the country, reports revealed that in the month of December 2020, states with the highest average price per litre of kerosene were Benue with N436.81, Ebonyi with N425.83 and Taraba with N423.33.

However, consumers in Bayelsa (N235.95), Rivers (N302.04) and Delta (N307.69) enjoyed the lowest average price per litre of kerosene.

In Kebbi, consumers paid N1,534.21, Nasarawa was N1,488.00 and Benue at N1,450.00 which was the highest average price per gallon of kerosene.

While consumers in Sokoto (N733.33), Bayelsa (N773.75) and Adamawa (N822.00) on the other hand, paid the lowest average price per gallon of kerosene.

Consumers in South-East zone paid the highest average price for a litre of Kerosene (N377.53), followed by North East (N370.13), North West (N354.66), North Central (N354.44) while consumers in South West (N337.57) and South South (N325.96) paid the lowest average price for a litre of Kerosene.

In respect of the average price paid for a gallon of Kerosene, consumers in North West zone paid the highest (N1,197.54), followed by North Central (N1,305.68), South East (N1,220.66), while consumers in South West (N1,161.00), North East (N1,113.25) and South-South (N1,037.60) paid the lowest average price of a gallon of kerosene.

The implication of this according to reports is to underscore the value of kerosene has as a major source of energy for both urban and rural dwellers in the country.

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