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Cooking gas prices skyrocket in Nigeria –NBS

Felix Oloyede

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Cooking gas prices skyrocket in Nigeria –NBS

The average price for filling a five-kilogram (5 kg) bottle of liquefied petroleum gas, also known as cooking gas, rose to N2,627.94 in October, from N2,397.60 in September and N1,953.71 in October 2020.

The National Bureau of Statistics, NBS, said this in its “Liquefied Petroleum Gas (Cooking Gas) Price Observatory (October 2021)” obtained on its website Wednesday in Abuja.

He said the increase was 9.61% month-on-month and 34.51% year-on-year.

According to her, the states with the highest average price for filling a 5 kg bottle of cooking gas are Abuja whose residents bought the product at N3,450, Anambra N3,275 and Zamfara N3,200, respectively.

He listed the states with the lowest average price for filling a 5kg bottle such as Delta whose residents paid N1,987.75, Lagos N​​2,004.55, and Abia N2,040.45.

Likewise, the average price for filling a 12.5 kg bottle increased 7.68% month-on-month and 62.76% year-on-year to reach N6,638.27 in October, from N6,638.27 164.97 N in September and N4,078.65. in October 2020.

“The states with the highest average price for filling a 12.5 kg bottle were Oyo N7,718.23, Abuja N7,660 and Imo N7,655.56.

“The states with the lowest average price for filling a 12.5 kg were Borno N 5,133.33, Nassarawa N 5,764 and Niger, N 6,000.

Meanwhile, the average price per litre paid by consumers for household kerosene in October fell to N 423.42 from N 434.39 in September, indicating a 2.52 per cent month-on-month decline.

The year-over-year comparison showed that the average price in October 2021 (N423.42) increased by 19.97% compared to N352.93 in October 2020.

The report states that the states with the highest average price per litre of kerosene were Lagos whose residents paid N552.12, Ebonyi 546.67 and Cross River N522.22.

Meanwhile, Bayelsa at 265.15 N, Bauchi at 333.33 N and Delta at 338.89 N paid the lowest average price per litre for the product in October.

“On the other hand, the average price per gallon paid by consumers for kerosene increased 0.79% month on month in October to N1552.96 from N1540.82 in September.

“Year-over-year analysis shows that the average price increased 25.95% in October 2021 to N 1,552.96 from N 1,233 in October 2020.

“The states with the highest average price per gallon of kerosene were Abuja N2,500, Bauchi N1,910 and Adamawa 1,842.50.

“The states with the lowest average price per gallon of kerosene were Yobe N1120, Imo N1135, and Delta N1160.”

The NBS said that arriving at the report, the fieldwork was carried out by more than 700 of its employees in all states of the federation, supported by supervisors monitored by internal and external observers.

He said the NBS audit team subsequently carried out a randomly selected audit of the recorded prices.

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