Adedapo Adesanya
By Adedapo Adesanya
The average retail price for refilling 5kg and 12.5kg cylinders of Liquefied Petroleum Gas, known as cooking gas, further increased in January 2023, the latest data from the National Bureau of Statistics (NBS) showed.
In the Liquefied Petroleum Gas (Cooking Gas) Price Watch for January 2023 data, it was disclosed that the cost of the 5kg cylinder jumped to N4,588.75 on average while that of its 12.5kg equivalent jumped to N10,277.17.
The data showed that the cost of refilling a 5kg cooking gas cylinder increased by 0.51 per cent on a month-on-month basis from N4,565.56 recorded in December 2022 to N4,588.75 in January 2023. On a year-on-year basis, this rose by 25.46 per cent from N3,657.57 in January 2022.
Also, the average retail price for the 12.5kg cylinder increased by 0.28 per cent on a month-on-month basis from N10,248.97 in December 2022 to N10,277.17 in January 2023, and on a year-on-year basis, it surged by 38.63 per cent from N7,413.25 in January 2022.
On state profile analysis, Kwara recorded the highest average price for refilling a 5kg cylinder of LPG with N4,962.50, followed by Plateau with N4,945.50, and Adamawa with N4,936.67.
On the other hand, Enugu recorded the lowest price with N4,119.23, followed by Anambra and Rivers with N4,183.14 and N4,210.00, respectively.
In addition, analysis by zone showed that the North-Central recorded the highest average retail price for refilling a 5kg cylinder of gas with N4,859.60, followed by the North-West with N4,616.66, while the South-East recorded the lowest with N4,408.99.
Benue recorded the highest average retail price for the refilling of a 12.5kg cylinder of gas with N11,260.67, followed by Cross River with N10,833.33 and Ebonyi with N10,763.57.
Conversely, the lowest average price was recorded in Yobe with N9,550.00, followed by Taraba and Gombe with N9,845.00 and N9,850.00, respectively.
Similarly, the average retail price per litre of kerosene rose to N1,153.40 in January 2023 on a month-on-month basis, showing an increase of 4.42 per cent compared to N1,104.61 recorded in December 2022.
According to the NBS’s National Kerosene Price Watch for January 2023, on a year-on-year basis, the average retail price per litre of kerosene rose by 163.87 per cent from N437.11 in January 2022.
On state profile analysis, the report showed the highest average price per litre of kerosene in December 2023 was recorded in Abuja at N1,566.67, followed by Lagos at N1,411.11 and Plateau at N1,383.33.
The lowest price was recorded in Jigawa at N891.67, followed by Edo at N925.93 and Katsina at N935.19.
The NBS said that analysis by zone showed that the South-West recorded the highest average retail price per litre of Kerosene at N1,232.15, followed by the South-East at N1,223.95.
It said the North-West recorded the lowest average retail price per litre of kerosene at N1,003.54.
The report said the average retail price per gallon of kerosene paid by consumers in January 2023 was N3,886.11, indicating a 3.54 per cent increase from N3,753.38 recorded in December 2022.
“On a year-on-year basis, the average price per gallon of kerosene increased by 154.20 per cent from N1,528.74 recorded in January 2022.
