Cooking Gas Price Increases By 86.62% In One Year Says National Bureau Of Statistics

The average price of 5kg of cooking gas increased from N4,456.56 in August to N4,474.48 in September, the National Bureau of Statistics (NBS) has stated.

It stated in its “Cooking Gas Price Watch’’ for September 2022 released on Saturday in Abuja that the September price was a 0.40 per cent increase over what obtained in August.

On a year-on-year basis, the September 2022 price of N4,474.48 for 5Kg of gas was an 86.62 per cent increase over the price of N2,397.60 obtainable for the same volume in September 2021, it stated.

Analyses by geopolitical zones showed that the North-Central recorded the highest average retail price of N4,715.74, for 5kg cooking gas, followed by the Northeast at N4,539.41.

The South-South recorded the lowest retail price at N4,317.92, the NBS stated.

It also reported that the average retail price for refilling a 12.5kg cooking gas cylinder increased from N9,899.34 in August 2022 to N9,906.44 in September, indicating a 0.07 per cent increase on a month-on-month basis.

The lowest average price was recorded in Yobe at N8,350, followed by Katsina and Taraba at N8,545.56 and N9,025.78, respectively, the NBS stated.

On kerosene NBS stated that Borno recorded the lowest price at N2,500 followed by Zamfara and Delta with N2,555.56 and N2,576.92, respectively.

It added that analyses by zone showed that the Southeast recorded the highest average retail price per gallon of kerosene at N3,607.38 followed by the Southwest at N3,468.42.

It stated also that the Northeast recorded the lowest price of N2,803.96 for a gallon of kerosene in September 2022.

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