Home NEWS NBS reports mixed development in cost of transport

NBS reports mixed development in cost of transport

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Ediri Ejoh and Elizabeth Adegbesan
Against the background of a moderate increase in average national prices for gasoline and automobile gas (diesel), the National Bureau of Statistics (NBS) reported a reduction in the average cost of transport tariffs paid by passengers in September 2018.

Workers at the construction site of the standard gauge line Lagos-Ibadan during an inspection trip on the project of the Minister of Information and Culture Alhaji Lai Mohammed and the Minister of Transport Mr. Rotimi Amachi in Papalanto, Ogun, on Tuesday.

The NBS data showed that the average fare for passengers on a bus within the city fell by 0.66 percent compared with the previous month and increased by 42 percent compared to the same period last year to N185.47 in September 2018 from N186.69 in August 2018.

The data also showed that the average fare paid by commuter passengers on intercity flights fell by 0.03 percent compared with the previous month and increased by 19 percent to $ 1,873.77 in September 2018 from N1.814.39 per August 2018.

The NBS said: “The average fee paid by passengers for water transport increased by 0.21 percent for the month and decreased by 1.52 percent yoy to N595.51 in September 2018 from N594.26 in August 2018.

The average fare paid by carriers on these routes, on a one-way trip, increased by 0.15% compared with the previous month and decreased by 0.02 percent to $ 31,378.92 in September 2018 from $ 31,324.41 in August 2018

“The average fare for a train on a motorcycle per drop decreased by 1.30% on a monthly basis and by 18.98% yoy to N114.04 in September 2018 from N120.62 in August 2018.

Meanwhile, the price paid by premium consumers Motor Motor (Petrol) increased to N147.30 in September against N146.90 registered in August.

According to the Bureau, the price of gasoline increased by 0.3% and to 1.9% yoy. The states with the highest average gasoline price were Enugu (N153.88), Taraba (N152.86) and Delta (N150.92).

He also named the countries with the lowest average price for gasoline, including Kano (N144.87), Katsina (N143.63) and Bauchi (N144.00).

NBS also reported that the price of automotive gas oil (diesel) increased from N207.98, registered in August to N211.64 in September, indicating an increase of 1.76 percent for the month and 14.52 percent on an annualized basis.

The states with the highest average diesel price are Borno (N245.83), Taraba (N235.00) and Sokoto (N228.33). Similarly, the states with the lowest average price for diesel are Edo (N197.28), Katsina (N195.63) and Rivers (N190), ”the statement said.

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