Price of 12.5kg cooking gas increased by 89% in one year: NBS

On a year-on-year basis, the average retail price for refilling a 12.5kg cooking gas increased by 89.10 per cent from N4,317.55 in April 2021.

News Agency of Nigeria • May 19, 2022

Cooking Gas

The price of 12.5kg liquefied petroleum gas (cooking gas) has increased by 89.10 per cent year-on-year, reports the National Bureau of Statistics (NBS).

In its Liquefied Petroleum Gas (Cooking Gas) Price Watch for April 2022 released in Abuja on Thursday, the nation’s statistics office noted that 12.5kg cylinder of the essential commodity sold for an average price of N8,164.37 as against N7,617.71 in March 2022.

This represents a 7.18 per cent month-on-month increase.

Similarly, on a year-on-year basis, the average retail price for refilling a 12.5kg cooking gas increased by 89.10 per cent from N4,317.55 in April 2021.

The report said the state comparisons showed that the highest average retail price for the refilling of a 12.5kg cylinder of cooking gas was recorded in Oyo with N8,930.88.

It said it was followed by Bayelsa with N8,916.67 and Ogun, with N8,766.67.

On the other hand, the lowest average price for the refilling of a 12.5kg cylinder of cooking gas was recorded in Yobe with N6,619.18, followed by Borno and Ebonyi with N6,800.00 and N7,710.55 respectively.

It said the average retail price of a 12.5kg cylinder of cooking gas by zones showed that the average retail price was highest in the South-West with N8,573.28.

It was followed by the South-South and South-East with N8,252.90 and N8,240.32 respectively.

The North-East Zone recorded the lowest price with N7,559.43.

It costs N3,800.47 to refill a 5kg gas cylinder of cooking gas in April 2022. The NBS said refilling the gas cylinder used to cost N3,778.30 as recorded in March 2022. This indicates a 0.59 per cent increase month-on-month.

However, on a year-on-year basis, the report aid the average retail price for cooking gas increased by 83.67 per cent from N2,069.21 in April 2021.

It said according to state profile analysis, the highest average price for refilling a 5kg cylinder of cooking gas was recorded in Gombe with N4,337.50, followed by Bayelsa with N4,250.00 and Adamawa with N4,220.00.

On the other hand, Yobe recorded the lowest average price with N2,931.83, this was followed by Sokoto and Zamfara with N3,000.00 and N3,250.00.

The report said that prices analysed by zones showed that the average retail price for refilling a 5kg cylinder of cooking gas was highest in the South-East with N4,041.39.

It was followed by the South-South with N3, 896.59 and North-Central with N3,835.83.

“While the North-West recorded the lowest average retail price of N3,572.83.”

(NAN)

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