Tinubu’s Inflation: 5kg cooking gas jumped from N4,642 to N7,000; 12.5kg from N10,323 to N17,800
The National Bureau of Statistics says the average price of 5kg of cooking gas declined from N6,591.62 in March 2024 to N6,521.58 in April 2024.
This was stated in the Bureau’s ‘Cooking Gas Price Watch’ for April 2024, released on Friday.
The report said the April price represented a 1.06 per cent increase compared to March 2024.
The NBS said the average price of 5kg cooking gas increased on a year-on-year basis by 40.48 per cent from N4,642.27 recorded in April 2023 to N6,521.58 in April 2024.
The state profile analysis showed that Bauchi recorded the highest average price, N7,000, followed by Kano, N6,988.67, and Yobe, N6,962.50.
It said on the other hand, Adamawa recorded the lowest price at N5,470.00 followed by Enugu and Katsina at N5,973.53 and N5,981.82, respectively.
Analysis by zone showed that the South-South recorded the highest average retail price, N6,767.27, followed by the North-East, N6,602.50. The South-East recorded the lowest average retail price at N6,602.50.
Also, the NBS said the average retail price for refilling a 12.5kg cooking gas declined by 1.83 per cent on a month-on-month basis from N15,929.04 in March 2024 to N15,637.74 in April 2024.
The report said the average retail price for 12.5kg cooking gas rose by 51.48 per cent on a year-on-year basis from N10,323.33 recorded in April 2023 to N15,637.74 in April 2024.
State profile analysis showed Osun recorded the highest average retail price of N17,801.67 for 12.5kg cooking gas, followed by Anambra at N17,142.86 and Bayelsa at N16,975.00.
On the other hand, the report showed that Bauchi recorded the lowest average price at N13,745.12, followed by Kogi and Adamawa at N13,967.31 and N14,088.75, respectively.
Analysis by zone showed that the South-South recorded the highest average retail price at N16,420.19, followed by the South-West at N16,231.02.
The report said the North-Central recorded the lowest price at N15.038.87.
(NAN)
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