Price of cooking gas jumps 86.62% YoY as Kwara, Niger, Adamawa record highest price

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  • Ondo, Ebonyi, Niger pay highest price for diesel in September

BY BAMIDELE FAMOOFO

Uba Group

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 0.40 percent on a month-on-month basis from N4, 456.56 recorded in August 2022 to N4, 474.48 in September 2022.

On a year-on-year basis, price rose by 86.62 percent from N2, 397.60 in September 2021.

On state profile analysis, Kwara recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4, 950.00, followed by Niger with N4, 941.67, and Adamawa with N4, 928.29. On the other hand, Abia recorded the lowest price with N4, 044.44, followed by Anambra and Kano with N4, 100.00 and N4, 109.67 respectively.

In addition, analysis by zone showed that the North-Central recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,715.74, followed by the North-East with N4,539.41, while the South-South recorded the lowest with N4,317.92.

Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 0.07 percent on a month-on-month basis from N9, 899.34 in August 2022 to N9, 906.44 in September 2022. On a year-on-year basis, this rose by 60.69 percent from N6, 164.97 in September 2021. On state profile analysis, Cross River recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N10, 937.50, followed by Kogi with N10, 760.00 and Oyo with N10, 723.75. Conversely, the lowest average price was recorded in Yobe with N8, 350.00, followed by Katsina and Taraba with N8, 545.56 and N9, 025.78 respectively.

Meanwhile, the average retail price of Automotive Gas Oil (Diesel) paid by consumers in September 2022 was N789.90 per litre, an increase of 210.20 percent from N254.64 per litre recorded in the corresponding month of the previous year. On a month-on-month basis, this increased by 0.38 percent from N786.88 per litre reported in August 2022.

On state profile analysis, the highest average price of the product in September 2022 was recorded in Ondo with N859.23, followed by Ebonyi with N849.00, and Niger with N841.67. On the other hand, the lowest price was recorded in Katsina with N710.00, followed by Yobe with N725.00 and Bayelsa with N726.67. Furthermore, analysis by zone showed that the North-Central had the highest price with N811.24, while the South-South recorded the lowest price with N762.74.