Price of cooking gas rose by 101 per cent in one year – NBS

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The National Bureau of Statistics has said the price of Liquefied Petroleum Gas, otherwise called cooking gas, rose by 101 per cent in the last one year.

Uba Group

In its Price Watch for August 2022, NBS listed Taraba as the state with the highest average price for refilling a cylinder of cooking gas while Katsina State was listed as having the lowest price.

The NBS stated that “The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 1.34% on a month-on-month basis from N4,397.68 recorded in July 2022 to N4,456.56 in August 2022.

“On a year-on-year basis, this rose by 101.17% from N2,215.33 in August 2021.

“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 NBS 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