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Cooking gas price increases by 101 per cent – NBS

The National Bureau of Statistics NBS, says the price of Liquefied Petroleum Gas also known as cooking gas has rising by 101.17% in the last one year.

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

It states 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 and on year-on-year basis, this rose by 101.17% from N2,215.33 in August 2021.

Analysis on a state by state shows that, 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.

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

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″

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.

Writing by Julian Osamoto; editing by Adeniyi Bakare