12.5kg Cooking Gas Price Rises 2.28% in One Month to N7617.71

April 22, 2022
Cooking Gas Price

By Adedapo Adesanya

The average prices residents of Nigeria across the country paid to refill their 12.5kg cylinder of liquified petroleum gas (LPG) otherwise known as cooking gas stood at N7617.61 in March 2022.

According to data released by the National Bureau of Statistics (NBS), the amount was 2.28 per cent higher than the N7447.79 paid in February 2022 and 74.75 per cent higher than the N4359.23 in March 2021.

It was revealed that the highest average retail price for 12.5kg cooking gas was recorded in Osun State with N8782.14, followed by Oyo with N8400.00 and Katsina with N8300.00.

Conversely, the lowest average price was in Borno with N6100.00, followed by Akwa Ibom and Cross River at N6840.91 and N6865.91 respectively.

By zones, the average price was highest in the South-West with N7892.40 followed by the North-Central and North-West with N7657.22 and N7533.91 respectively, while the South-South posted the lowest price with N7091.61.

The stats office also disclosed in the report that the price Nigerians refilled a 5kg cylinder of cooking gas jumped by 83.6 per cent to N3,778.30 last month from N2057.71 in March 2021 and increased by 1.9 per cent from N3,708.58 recorded in February 2022.

According to state profile analysis, the highest average price for refilling a 5kg cylinder was recorded in Ekiti at N4,200.00, followed by Niger at N4,163.33 and Imo at N4,150.00, while Adamawa recorded the lowest average price with N2604.01 followed by Yobe and Kano recording N2,740.00 and N3,000.00 respectively.

In addition, prices analyzed by zones show that the average retail price for refilling a 5kg cylinder of gas was highest in the South-East with N992.56 followed by the South-West with N3,900.55 and South-South with N3,877.08.

The North-East recorded the lowest average retail price with consumers spending an average of N3,419.37 to get the commodity.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Leave a Reply

bread nigeria
Previous Story

Abia Records Highest Increase in Average Price of Bread at N650

Naira to Dollar Exchange rate
Next Story

We Won’t Float Naira Except FX Supply Exceeds Demand—CBN

Latest from Economy

Don't Miss