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NBS says Prices of Cooking Gas, Kerosene Increased by over 100% in 12 Months

Katsina recorded the lowest price with N4,020.00, followed by Ogun and Yobe with N4,057.14 and N4,078.46 respectively.

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Reports from the National Bureau of Statistics (NBS) say the cost of cooking gas and kerosene increased by 101 percent and 102.38 percent, respectively, during the past year.

According to the Bureau’s Price Watch for August 2022, Taraba State had the highest average cost to refill a cooking gas cylinder, while Katsina State had the lowest cost.

The NBS reported that from N4,397.68 in July 2022 to N4,456.56 in August 2022, the average retail price for refilling a 5 kg cylinder of liquefied petroleum gas (cooking gas) grew by 1.34% every month.

“On an annual basis, this increased from N2,215.33 in August 2021 by 101.17%.

“On state profile analysis, Taraba recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,925.44, followed by Adamawa with N4,920.00, and Lagos with N4,782.50.

“On the other hand, Katsina recorded the lowest price with N4,020.00, followed by Ogun and Yobe with N4,057.14 and N4,078.46 respectively.”

The Bureau further said the average retail price for refilling a 12.5kg cylinder of LPG increased by 0.77% on a month-on-month basis from N9,824.07 in July 2022 to N9,899.34 in August 2022.

“On a year-on-year basis, this rose by 119.26% from N4,514.82 in August 2021,” it stated, adding that Ebonyi State recorded the highest average retail price for the refilling of a 12.5kg cylinder of LPG with N11,225.00 whilst Katsina State recorded the lowest average price with N8,150.00.

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Justice Okamgba functions as CONTENT STRATEGIST for TechEconomy.ng with penchant for content planning, development, analysis, management, and measurement. Contact: [email protected]

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