According to NBS, the price of cooking gas increased by more than 100 percent in a single year.
In its August 2022 report on Liquefied Petroleum Gas (LPG), also known as cooking gas, the National Bureau of Statistics (NBS) confirmed that the product has increased by more than one hundred percent year-over-year.
The report states that from N2,215.33 in August 2021 to N4,456.56 in August 2022, the average retail price for refilling a 5kg cylinder of cooking gas increased by 101.17 percent year-over-year.
While the average retail price of a 12.5kg cylinder increased by 119.26 percent year-over-year, from N4,514.82 in August 2021 to N9,899.34 in August 2022.
This indicates that the household product’s retail price has increased by more than one hundred percent between August 2021 and August 2022.
According to the NBS in that report, the average retail price for refilling a 5 kg cooking gas cylinder increased by 1.34 percent from July 2022 (N4,397.68) to August 2022 (N4,456.56).
While the monthly average retail price for refilling a 12.5 kg cooking gas tank increased by 0.7% to N9,899.34 in August 2022 from N9,824.07 in July 2022,
In the state profile analysis, the average cost of refilling a 5 kg cooking gas cylinder was N4,925.44 in Taraba, followed by N4,920.00 in Adamawa and N4,782.50 in Lagos.
On the other hand, with a price of N4,020.00, Katsina came in first, followed by Ogun and Yobe, who each paid N4,057.14 and N4,078.46.
Ebonyi had the highest average retail price for the 12.5kg gas cylinder, with N11,225.00, followed by Cross River with N10,982.14 and Delta with N10,965.42.On the other hand, Katsina had the lowest average price for 12.5 kilograms, coming in at N8,150.00. Yobe and Taraba were next, with N8,212.63 and N8,886.30, respectively.
On a zonal level, the average retail price for refilling a 5kg cylinder was N4,615.95 in the North-Central, followed by N4,548.03 in the North-East, and N4,285.51 in the North-West.
According to zone analysis, the South-South region had the highest average retail price for refilling a 12.5 kg gas cylinder—N10,320.58—followed by the South-West region, which had the lowest price—N9,205.03—and the North-East region, which had the highest price.
NaijaNews spoke with gas customers at an LPG retailing shop in Egbejila, a suburb of Ilorin, the capital of Kwara State, about the current prices of cooking gas. The NBS’s price analysis report for September has not yet been released.
One of them, who went by the name Taiwo, stated that due to the current economic hardship, she was at the store to purchase 2 kilograms of gas for her 6 kilogram cylinder. Because of this, she was only able to fill it up to the limit, she said.
Another buyer who also spoke with our reporter said that she supports her charcoal stove at home with the small 3kg cylinder because the gas is quick and she uses it in the morning to make breakfast for her kids to take to school.
According to the store attendant, one kilogram costs N800, which is then multiplied by the number of kilograms a customer wishes to purchase.
In the meantime, other Lago retail establishments listed a retail price of N9,000 for refilling a 12kg cylinder, N4,500 for 6kg, and N800 for 1kg.
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