National Bureau of Statistics NBS

The National Bureau of Statistics says Kogi residents paid the highest price for Premium Motor Spirit popularly known as petrol in June.

The bureau said this in its “Premium Motor Spirit (Petrol) Price Watch for June 2019’’, posted on its website.

According to the publication, residents of Kogi paid average of N147.91 per litre for the product.

The PMS Price Watch noted that Kogi was followed by Kebbi and Bayelsa, whose residents paid N146.43 and N146.25 respectively for a litre of the product in June.

It shows that residents of these states purchased the product at a higher price than the official pump price of N145 per litre.

It also listed Abuja, Katsina and Benue as areas that recorded the lowest average price per litre for the commodity, which attracted N144.20, N144. 13 and N144.00 respectively.

According to the report, average price paid by consumers for the product decreased by –1.8 per cent year-on-year and increased by 0.2 per cent month-on-month to N145.4 in June, as against the N145.0o the product attracted per litre in May.

Meanwhile, for the Automotive Gas Oil (Diesel), the bureau identified Borno, Taraba and Abuja as places that paid highest average price for diesel in June.

It highlighted the prices as N266.67, Taraba, N250.00 and Abuja, N239.00 respectively.

It also described Bayelsa, Nasarawa and Plateau as the states that recorded lowest average price of diesel in June, with the prices standing at N204.17, N196.91 and N183.33.

According to the report, the average price paid by consumers for diesel decreased by -1.46 per cent month-on-month, and increased by 9.62 per cent year-on-year to N224.69 in June, compared to N228.02 it recorded in May.

In arriving at the statistics, the NBS said that field work was done solely 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 that fuel prices were collected across all the 774 local governments of the federation and the FCT, from over 10,000 respondents and locations.

It added: “The price reflected actual amount of money households bought fuel together with the prices, reportedly sold by the fuel suppliers.

“The average of all the prices was then reported for each state and the average for the country was the average for the state.”

Get more stories like this on Twitter

AD: To get thousands of free final year project topics and other project materials sorted by subject to help with your research [click here]


More Stories