Cooking Gas Price Increased By 27% In One Year NBS Report Reveals

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The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N3,594.81 in December 2021 to N4,565.56 in December 2022.

This is contained in the Bureau’s “Cooking Gas Price Watch’’ for December 2022 released on Friday in Abuja.

The report said the December 2022 price represented a 27 per cent increase compared to what was obtained in December 2021.

The report said on a month-on-month basis, the price rose by 0.36 per cent from N4,549.14 recorded in November 2022 to N4,565.56 in December 2022.

On state profile analysis, the report showed that Kwara recorded the highest average price of N4,950.00 for refilling of a 5kg cooking gas, followed by Adamawa at N4,933.33, and Plateau at N4,917.50.

It said on the other hand, Anambra recorded the lowest price at N4,182.14, followed by Abia and Rivers with N4,196.15 and N4,207.27, respectively.

Similarly, the average retail price per litre of kerosene rose to N1,104.61 in December 2022 on a month-on-month basis, showing an increase of 1.94 per cent compared to N1,083.57 recorded in November 2022.

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