The National Bureau of Statistics (NBS) has said that the average price of Premium Motor Spirit (PMS), otherwise known as petrol, increased by 17.10 percent year-on-year in December 2017, The Sun reports.

It also stated that the average price also increased by 17.98 percent month-on-month to N171.8 in December 2017 from N145.6 in November 2017. The stats office also stated that the average price paid by consumers for automotive gas oil (diesel) increased by 3.29 percent month-on-month and by 4.87% year-on-year to N205.81 in December 2017 from N199.26 in November 2017.

The Bureau stated further that the average price per litre paid by consumers for National Household Kerosene, increased by 6.32 percent month-on month and 22.50 percent year-on-year to N284.03 in December 2017 from N267.14 in November 2017.

The stats office stated further that the average price for the refilling of a 5kg cylinder of liquified petroleum gas (cooking gas) decreased by -4.84 percent month-on-month and increased by 13.02 percent Year-on-Year to N2,262.79 in December 2017 from N2,377.81 in November 2017.

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