Business & Economy

Cooking gas price rose by 101% in one year – NBS

0

Cooking gas price rose by 101% in one year – NBS

The National Bureau of Statistics said the price of Liquefied Petroleum Gas popularly known as cooking gas increased by 101.17% in the last year.

In its Price Watch for August 2022, the Bureau said Taraba State recorded the highest average price for refilling a cylinder of cooking gas with Katsina State being the lowest price.

The NBS said, “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 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.

Nelsdaily Weekly Nuggets - most of the important things in the world have been accomplished by people who have kept on trying when there seemed no help at all - dale carnegie - Week 42
Uchechi Ojo
Uchechi Ojo, is a Lagos-born and based writer, newscaster and voice-over artist. A versatile and committed journalist with the yearning to make a difference in the industry. She writes balanced, informative and interesting stories. Uchechi has the ability to interact and listen with rapt attention, excellent time management and great communication skills while paying attention to detail. She is very approachable and a good team player. Instagram | LinkedIn
Mike Ojo

Valedictory court session for Justice Taiwo holds Sept 22

Previous article

Justice Ita Mbaba not under EFCC’s investigations

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.