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12 states hit the most as price of diesel, kerosene, LPG increases.

According to analysis of official data  shown. The rise in the prices of diesel, kerosene, and Liquefied Petroleum Gas, also known as cooking gas, has hit residents of 12 states .

 The states hit the most by  price hikes last month were Ekiti, Ebonyi, Imo, Lagos, Abia, Delta, Oyo, Niger, Rivers, Gombe, Kaduna, and Ondo.

The average retail price of Automotive Gas Oil (diesel) paid by consumers increased by 129.10 percent from N235.41 in March 2021 to N539.32 the value recorded in March 2022.

The average retail price increased from N311.98 in February 2022, indicating a rise of 72.87 percent when compared to the average retail price paid in March.

Ekiti, Lagos, Abia, Ebonyi, Oyo, and Delta were the states hardest hit as diesel prices averaged N672, N668, N645, N644, N632, and N632 respectively.

The price increase in diesel, which is a result of the Russia-Ukraine war combined with the government’s lack of price regulation, is putting pressure on the majority of Nigeria’s businesses.

However, year-on-year comparison showed that the average price per litre increased by 56.26 percent from N361.29 in March 2021.

The highest average price per litre in March was recorded in Ebonyi (N700), followed by Kaduna (N687.50), Ekiti (N666.67), Imo (N656) and Ondo (N654).

The average price for refilling a 12.5kg cylinder of LPG increased to N7,617.71 in March 2022 from N7,447.79 in February, representing a 2.28 percent month-on-month increase.

The average price for refilling a 5kg cylinder of LPG increased to N3,778.30 in March 2022 from N3,708.58 in February 2022m showing an increase of 1.88 percent month-on-month.

The highest average price for refilling a 5kg cylinder of LPG was recorded in Ekiti (N4,200), followed by Niger (N4,163.33), Imo (N4,150), Gombe (N4,133) and Rivers (N4,105).

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