Prices of National Household Kerosene, Automotive Gas Oil (Diesel) and refilling of Liquefied Natural Gas (Cooking gasoline) elevated by zero.65 per cent, zero.65 per cent and zero.68 per cent respectively within the month of May, 2018.
This was disclosed by the National Bureau of Statistic (NBS) in its Petroleum Price Watch for the month of May.
As acknowledged by NBS, common worth per litre paid by customers for National Household Kerosene elevated by zero.65 per cent from N278.49 in April 2018 to N280.29 in May 2018.
States with the best common worth per litre of kerosene have been Abuja, N327.50; Yobe, N313.33; and Cross River, N310.19, whereas states with the bottom common worth per litre of kerosene have been Borno, N233.33; Abia, N235.53; and Kogi, N251.04.
Similarly, common worth per gallon paid by customers for National Household Kerosene elevated by N0.80 from N975.82 in April 2018 to N983.67 in May 2018.
States with the best common worth per gallon of kerosene have been Jigawa N1143.33; Yobe, N1130.00; and Adamawa, N1088.89 and people with the bottom common worth per litre of kerosene have been Oyo, N907.66; Delta, N884.62; and Rivers, N834.09.
Also, common worth paid by customers for Automotive Gas Oil (diesel) elevated by zero.65 per cent from N204.35 in April 2018 to N205.67 in May 2018.
States with the best common worth of diesel have been Taraba, N253.33; Gombe, N227.50; and Kebbi, (N224.50, whereas these with the bottom common worth of diesel have been Nasarawa, N162.27; Abuja, N183; and Adamawa, N186.67.
Similarly, common worth for the refilling of a 5kg cylinder for Cooking Gas elevated by +zero.68 per cent from N2,058.19 in April 2018 to N2,072.24 in May 2018.
States with the best common worth for the refilling of a 5kg cylinder for Cooking Gas have been Bauchi, N2,500; Gombe, N2,500; and Borno, N2,428.57.
On the opposite hand, states with the bottom common worth for the refilling of a 5kg cylinder for Cooking Gas have been Kaduna, N1,687.50; Ebonyi, N1,690.00; and Ekiti, N1,795.00.
Likewise, common worth for the refilling of a 12.5kg cylinder for Cooking Gas elevated by zero.70 per cent from N4,268.95 in April 2018 to N4298.72 in May 2018.
States with the best common worth for the refilling of a 12.5kg cylinder for Cooking Gas have been Benue, N5,150; Kaduna, N4,935; and Cross River, N4,687.50, whereas states with the bottom common worth for the refilling of a 12.5kg cylinder for Cooking Gas have been Oyo, N3,940.38; Ogun, N3,866.67; and Lagos, N3,683.33.
However, the common worth paid by customers for Premium Motor Spirit, (Petrol) decreased to N150.2 in May from N151.four paid in April..
States with the best common worth of PMS are Borno, N166.08; Benue, N160.31; and Akwa Ibom, N159.44; whereas the states with the bottom common worth are Katsina, N144.82; Kano, N144.87; and Bauchi, N144.93.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, acknowledged that the company is focusing on 30 per cent market share of petroleum products distribution enterprise in Nigeria’s Downstream Petroleum Sector by 2020.
Baru defined that the goal would allow environment friendly products distribution and worth stability throughout each nook and cranny of the nation, whilst he additionally acknowledged that by that point NNPC Retail Limited would additionally lengthen its companies to different neighbouring states within the West African sub-region.
As acknowledged by him, re-branding the 4 corporations additionally prepares them for extra competitiveness within the downstream sub-sector, according to the company’s 12 Business Focus Areas (BUFAs).
He knowledgeable that the NNPC was dedicated to making sure that PPMC as a flagship nationwide products advertising firm turns into extra worthwhile and essential to assembly the nation’s vitality calls for.
Baru also stated that NNPC was working assiduously in the direction of bequeathing an NPSC that might brim with revamped infrastructure for environment friendly storage and distribution of petroleum products throughout the nation, thereby making certain provide reliability and vitality safety.