Connect with us

News

Cost of cooking gas, kerosene, petrol continue to rise in Nigeria

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

 

Recent reports released by the National Bureau of Statistics (NBS) indicate that the average price of cooking gas, kerosene and petrol continue to rise across the country.

 

The average price of 5kg cooking gas increased from N6,521.58 recorded in April 2024 to N7,418.45 in May 2024, according to the NBS.

Advertisement

 

This is contained in the Bureau’s “Cooking Gas Price Watch’’ for May 2024 released on Wednesday in Abuja.

 

The report said the May price represented a 13.75 per cent increase, compared to what was obtained in April 2024.

Advertisement

 

The NBS said the average price of 5kg cooking gas increased on a year-on-year basis by 70.12 per cent from N4,360.69 recorded in May 2023 to N7,418.45 in May 2024.

 

On state profile analysis, the report showed that Benue recorded the highest average price at N8,012.03, followed by Enugu at NN7,926.21, and Ondo at N7,857.53.

Advertisement

 

It said on the other hand, Yobe recorded the lowest price at N5,842.31 followed by Jigawa and Katsina at N6,521.81, respectively.

 

Analysis by zone showed that the South-East recorded the highest average retail price of 5kg cooking gas at N7,680.87 , followed by the South-West at N6,593.93.

Advertisement

 

said on the other hand, Yobe recorded the lowest price at N5,842.31 followed by Jigawa and Katsina at N6,521.81, respectively.

 

Analysis by zone showed that the South-East recorded the highest average retail price of 5kg cooking gas at N7,680.87 , followed by the South-West at N6,593.93.

Advertisement

 

The report said the average retail price for 12.5kg cooking gas rose by 63.85 per cent on a year-on-year basis from N9,537.89 May 2023 to N15,627.40 in May 2024.

 

State profile analysis showed that Zamfara recorded the highest average retail price of N18,369.33, followed by Bayelsa at N17,772.21 and Abia at N17,538.02.

Advertisement

 

On the other hand, the report showed that the lowest average price was recorded in Bauchi at N13,076.43, followed by Ebonyi and Taraba at N13,788.09 and N13,860.3, respectively.

 

Analysis by zone showed that the South-South recorded the highest average retail price of 12.5kg cooking gas at N16,310.02 , followed by the North-West at N15,991.13.

Advertisement

 

The report said the North-East recorded the lowest price at N15,010.62

 

For kerosene, the NBS said the average retail price of a litre of the commodity increased from N1,439.64 recorded in April 2024 to N1,450.35 in May 2024.

Advertisement

 

The Bureau said this in its Kerosene Price Watch for May 2024, released in Abuja on Wednesday.

 

It said the May price of N1,450.35 represented a 0.74 per cent increase compared to what was obtained in April 2024 at N1,439.64

Advertisement

 

The report said the average price per litre of kerosene increased on a year-on-year basis by 20.26 per cent from N1,206.05 recorded in May 2023 to N1,450.35 in May 2024.

 

On state profile analysis, the report showed that Benue recorded the highest average price of N1,790.92, followed by Kaduna at N1,769.65 and Cross River at N1,722.94.

Advertisement

 

“On the other hand, the lowest price was recorded in Katsina at N1,230.81, followed by Kwara at N1,260.07 and Jigawa at N1,263.91.”

 

The NBS said the analysis further showed that the North-Central recorded the highest average retail price per litre of Kerosene at N1,534.12, followed by the South-West at N1,488.97.

Advertisement

 

It said the North-East recorded the lowest average retail price per litre of kerosene at N1,408.41.

 

The report said the average retail price per gallon of Kerosene paid by consumers in May 2024, was N5,196.69, indicating a 0.43 per cent increase from the N5,174.23 in April 2024.

Advertisement

 

“On a year-on-year basis, the average price per gallon of kerosene increased by 23.49 per cent from N4,208.27 recorded in May 2023.

 

On state profile analysis, it showed that Kano recorded the highest average retail price at N6,900.28, followed by Adamawa at N6,295.63 and Yobe at N6,140.17.

Advertisement

 

On the other hand, the report said Kwara recorded the lowest price at N4,235.42, followed by Delta and Akwa Ibom at N4,320.39 and N4,362.81, respectively.

 

Analysis by zone showed that the North-East recorded the highest average price per gallon of Kerosene at N5,951.06, followed by the North- West at N5,560.03.

Advertisement

 

“The North-Central recorded the lowest average price per gallon of kerosene at N4,659.73 ,” the NBS said.

 

Similarly for petrol, the NBS disclosed that the average retail price of a litre of the commodity increased from N238.11 in May 2023 to N769.62 in May 2024.

Advertisement

 

It made the declaration in its Petrol Price Watch for May 2024 released in Abuja on Wednesday.

 

It stated that the May 2024 price of N769.62 represented a 223.21 per cent increase over the price of N238.11 recorded in May 2023.

Advertisement

 

Comparing the average price value with the previous month of April, the average retail price increased by 9.75 per cent from N701.24.

 

“On state profiles analysis, Jigawa paid the highest average retail price of N937.50 per litre, followed by Ondo and Benue at N882.67 and N882.22, respectively.

Advertisement

 

“Conversely, Lagos, Niger and Kwara paid the lowest average retail price at N636.80, N642.16 and N645.15, respectively,’’ it stated.

 

Analysis by zones showed that the North-West Zone recorded the highest average retail price in May 2024 at N845.26, while the North-Central recorded the lowest price of N695.04 per litre.

Advertisement

 

The NBS also stated in its Diesel Price Watch Report for May 2024 that the average retail price was N1,403.96 per litre.

 

It said that the May 2024 price of N1,403.96 per litre amounted to a 66.29 per cent increase over the N844.28 per litre paid in May 2023

Advertisement

 

“On a month-on-month basis, the price increased by 0.78 per cent from the N1,415.06 per litre recorded in April 2024,’’ it added.

 

On state profile analysis, the report said the highest average price of diesel in May 2024 was recorded in Adamawa at N1709.00 per litre, followed by Sokoto at N1675.00 and Bauchi at N1657.92.

Advertisement

 

On the other hand, the lowest price was recorded in Niger at N1,140.20 per litre, followed by Kano at N1153.33 and Oyo at N1236.92.

 

In addition, the analysis by zones showed that the North-East Zone had the highest price of N1,605.91 per litre, while the South-West recorded the lowest price at N1,303.60 per litre.

Advertisement

News

Just in: Andy Burnham Emerges as UK PM

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

Veteran British politician Andy Burnham has emerged as the new leader of the United Kingdom’s governing Labour Party, clearing the way for him to become the country’s next Prime Minister following the resignation of Keir Starmer.

Burnham was confirmed as Labour leader on Friday after no other candidate secured the required nominations to challenge his bid during a special Labour Party conference, effectively handing him the leadership unopposed. The outcome was officially announced by the UK’s Interior Minister, Shabana Mahmood, who declared Burnham the duly elected leader of the Labour Party.

“There being no other eligibly nominated candidate, it is therefore my honour to declare that the duly elected leader of the Labour Party is Andy Burnham,” Mahmood told party delegates.

Burnham’s emergence comes at a pivotal moment for the Labour Party, which has been grappling with internal uncertainty following Starmer’s decision to step down as party leader amid mounting pressure from within the party. A seasoned politician, Burnham has held several senior ministerial positions under previous Labour governments.

Advertisement

He later became Mayor of Greater Manchester, where he built a strong national profile through his advocacy for greater regional autonomy, improved public services, and increased investment in local communities.

His tenure as mayor earned him widespread recognition, particularly during periods of national crisis when he repeatedly called for increased financial support and greater decision-making powers for local authorities. Burnham is expected to complete the constitutional process and formally assume office as the United Kingdom’s Prime Minister on Monday.

In his acceptance speech, the incoming Labour leader pledged to reunite the governing party after a period of internal divisions and restore public confidence in government.

He also promised to devolve more powers from central government to local authorities, arguing that local communities should have greater control over decisions affecting their economies and public services.

Advertisement

Among his key priorities are strengthening the National Health Service (NHS), improving public transport, stimulating economic growth, and expanding opportunities across every region of the United Kingdom. Political analysts believe Burnham’s administration will focus heavily on regional development, investment in public infrastructure, and reforms aimed at reducing economic inequalities across the country.

His confirmation has already drawn reactions from political leaders, Labour members, and supporters, many of whom expressed optimism that his leadership could mark the beginning of a new chapter for both the Labour Party and the United Kingdom. Attention is now expected to shift to the formation of Burnham’s cabinet and the policy agenda his government intends to pursue during its first weeks in office.

Continue Reading

News

Senate moves to amend archaic provisions in Petroleum Laws

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

 

The Chairman of the Senate Committee on Petroleum (Upstream), Senator Williams Eteng, has revealed that the National Assembly is moving to amend Nigeria’s petroleum laws to align them with current economic realities, describing many of the existing provisions as obsolete.

Speaking with journalists after the committee’s meeting, the Cross River Central lawmaker said the committee’s priority is to strengthen the petroleum sector by improving infrastructure, increasing crude oil production and providing a legal framework capable of supporting sustainable growth.

“We are looking at ways of improving the petroleum sector, strengthening infrastructure, and increasing crude oil production. That is our major focus,” Eteng said.

Advertisement

The senator disclosed that the committee had already received a proposal seeking amendments to the principal petroleum laws, noting that several penalties and fines currently contained in the legislation have remained unchanged for decades.

“A presentation has been made for us to amend the principal petroleum laws. The penalties are old and outdated. Some of the fines were enacted in 1951, while others date back to 1962. There is a need to bring these laws in line with present-day realities,” he stated.

According to him, reviewing the laws has become imperative to ensure they adequately reflect modern economic conditions and provide an effective regulatory framework for the petroleum industry.

“Laws are made to serve society, and they must be amended from time to time to reflect current economic realities,” he added.

Advertisement

Eteng also addressed reports suggesting that the Nigerian National Petroleum Company Limited (NNPCL) delegated a junior officer to appear before the committee, dismissing the claim as inaccurate.

He clarified that the official seen at the committee meeting was merely the company’s liaison officer to the National Assembly and not a representative appearing on behalf of the NNPCL management.

“There was no junior officer representing NNPCL before the committee. The person you saw is the liaison officer between the National Assembly and NNPCL. Please get that right. NNPCL requested an excuse, and another date will be fixed,” he explained.

The chairman reaffirmed the committee’s commitment to engaging relevant stakeholders as it advances legislative reforms aimed at modernising Nigeria’s petroleum industry, enhancing regulatory efficiency and creating an enabling environment for increased investment and production.

Advertisement
Continue Reading

News

Ex-Miss Universe Nigeria Chidimma Adetshina appears in South African court to fight deportation

Published

on

ADVERTISEMENT
Zoom Ad
ADVERTISEMENT
Zoom Ad

 

Ex-Miss Universe Chidinma Adetshina, returned to the Cape Town Regional Court on Thursday, July 16, 2026 as she continued her legal fight against deportation after her arrest for allegedly being in South Africa illegally.

Proceedings resumed shortly after 2pm, when the former Miss South Africa contestant was expected to submit an affidavit detailing the steps she says she has taken to regularise her immigration status.

According to an update from eNCA reporter Nobesuthu Hejana, the affidavit forms part of her effort to challenge the Department of Home Affairs’ deportation case.

Advertisement

Adetshina was arrested on 6 June and first appeared in the Cape Town Regional Court on 9 June.

She was released on warning while the matter was postponed to allow the legal process to continue.

The Department of Home Affairs alleges that she and her minor son were living in South Africa without lawful immigration status and is seeking her deportation through the courts.

Court documents previously filed by immigration officials state that authorities believe Adetshina entered South Africa while prohibited from doing so.

Advertisement

Those allegations remain before the court and have not been tested at trial.

Speaking outside court, Nobesuthu Hejana reported: ‘After 14H00 she will present an affidavit on steps she’s taken to regularise her status in the country.’

The court is expected to consider the affidavit alongside the Department of Home Affairs’ submissions before deciding on the next steps in the deportation proceedings.

The court proceedings mark the latest development in the immigration dispute surrounding the beauty queen, whose nationality became the subject of intense public debate during her participation in the 2024 Miss South Africa pageant.

Advertisement

Adetshina, who was born in Soweto, South Africa, to a Nigerian father and a Mozambican mother, had initially contested for the Miss South Africa 2024 crown before withdrawing from the competition amid controversy surrounding her family’s citizenship status.

Her withdrawal followed an investigation by South African authorities into allegations concerning her mother’s identity and citizenship documentation.

The controversy also sparked widespread social media attacks directed at Adetshina because of her Nigerian heritage, despite the fact that she was born in South Africa and had met the eligibility requirements for the beauty pageant.

In August 2024, the South African government stated that Adetshina’s mother, at the time the contestant was a finalist in the Miss South Africa competition, may have been involved in identity theft.

Advertisement

Adetshina was later accepted an invitation to compete in the Miss Universe Nigeria pageant, and emerged as the winner, earning the opportunity to represent Nigeria at the global Miss Universe competition.Africans & Diaspora

At the 73rd Miss Universe pageant held in Mexico City, Adetshina, finished as the first runner-up and was also crowned Miss Universe Africa and Oceania.

Continue Reading

Trending

Copyright © 2024 Naija Blitz News