Cooking gas price increases by 83% in one year – NBS report
The National Bureau of Statistics has disclosed that average retail price for cooking gas increased by 83.62 per cent from N2057.71 in March 2021.
The report titled, “Liquefied Petroleum Gas (Cooking Gas) Price Watch (March 2022),” indicated that the average price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) stood at N3778.30 in March 2022, from N3708.58 recorded in February 2022, showing an increase of 1.88 percent month-on-month. According to the state profile analysis, the highest average price for refilling a 5kg cylinder of LPG was recorded in Ekiti with N4,200, followed by Niger with N4163.33 and Imo with N4150.00. On the other hand, Adamawa recorded the lowest average price with N2604.01, followed by Yobe and Kano with N2740.00 and N3300.00 respectively. In addition, prices analysed by zones show that the average retail price for refilling a 5kg cylinder of LPG was highest in the South-East with N3992.56, followed by the South-West with N3900.55 and South-South, N3877.08, while North-East recorded the lowest average retail price with N3419.37. The average price for refilling a 12.5kg cylinder of LPG increased to N7617.71 in March 2022, from N7447.79 in February 2022, representing a 2.28 per cent month-on-month increase.
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