Average Price Of 5kg Cooking Gas Hits 8.89% -NBS

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 8.89% on a month-on-month basis from N4,189.96 recorded in September 2023 to N4,562.51 in October 2023. In its Liquefied Petroleum Gas (Cooking Gas) Price Watch (October 2023), the bureau noted that on a year-on-year basis, it increased by 1.76% from N4,483.75 in October 2022. On state profile analysis, Kano recorded the highest average price for refilling a 5kg cylinder cooking gas with N5,181.43, followed by Adamawa with N5,142.86, and Ogun with N5,093.75. On the other hand, Ebonyi recorded the lowest price with N3,971.43, followed by Osun and Edo with N4,000.00 and N4,025.00 respectively. “In addition, analysis by zone showed that the North-West recorded the highest average retail price for refilling a 5kg cylinder cooking gas with N4,738.20, followed by the North-Central with N4,662.62, while the South-East recorded the lowest with N4,088.65. “Also, the average retail price for refilling a 12.5kg cylinder of cooking gas increased by 14.04% on a month-on-month basis from N9,247.40 in September 2023 to N10,545.87 in October 2023. “On a year-on-year basis, this rose by 4.93% from N10,050.53 in October 2022. On state profile analysis, Edo recorded the highest average retail price for the refilling of a 12.5kg cylinder of cooking gas with N12,536.88, followed by Jigawa with N12,050.00 and Delta with N11,987.50. Conversely, the lowest average price was recorded in Zamfara with N9,050.00, followed by Lagos and Oyo with N9,071.05 and N9,407.14 respectively,” the statistics bureau stated. Analysis by zone showed that the South-South recorded the highest average retail price for refilling a 12.5kg cylinder cooking gas with N11,480.60, followed by the North-Central with N10,683.97, while the South-East recorded the lowest price with N9,847.42.

Average Price Of 5kg Cooking Gas Stood At N4,189.96 In September – NBS

The National Bureau of Statistics (NBS) has said the average price of 5kg of cooking gas increased from N4,115.32 recorded in August 2023 to N4,189.96 in September 2023. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for September 2023 released on Thursday in Abuja. The report said the September 2023 price represented a 1.81 per cent increase, compared to what was obtained in August 2023. However, the average price of 5kg of cooking gas decreased on a year-on-year basis by 6.36 per cent from N4,474.48 recorded in September 2022 to N4,189.96 in September 2023. On state profile analysis, the report showed that Kwara recorded the highest average price at N4,866.60 for 5kg cooking gas, followed by Benue at N4,789.26, and Adamawa at N4,785.71. It said on the other hand, Ondo State  recorded the lowest price at N3,364.62, followed by Ekiti and Edo at N3,450.06 and N3,626.17, respectively. Analysis by zone showed that the North-Central recorded the highest average retail price at N4,555.95, followed by the North-West at N4,394.40. “The South-East recorded the lowest average retail price at N3,809.22,” the NBS said. Also, the NBS said the average retail price for refilling a 12.5kg cooking gas increased by 0.58 per cent on a month-on-month basis from N9,194.41 in August 2023 to N9,247.40 in September 2023. However, the report said average retail price for 12.5kg cooking gas fell by 6.65 per cent on a month-on-month basis, from N9,906.44 recorded in September 2022 to N9,247.40 in September 2023. State profile analysis showed that Cross River recorded the highest average retail price of N10,203.13 for 12.5kg cooking gas, followed by Ogun at N9,967.11 and Nasarawa State at N9,950.15 On the other hand, the report showed that the lowest average price for 12.5kg of cooking gas was recorded in Adamawa at N7,604.29, followed by Borno and Gombe State N8,113.69 and N8,188.75, respectively. Analysis by zone showed that the South-South recorded the highest average retail price for refilling a 12.5kg cooking gas at N9,613.55, followed by the South-East at N9,393.69. The report said the North-East recorded the lowest price at N8,683.62. Similarly, the average retail price per litre of kerosene rose to NN1,299.03 in September 2023 on a month-on-month basis, showing an increase of 2.09 per cent, compared to N1,272.40 recorded in August 2023. According to its National Kerosene Price Watch for September 2023, on a year-on-year basis, the average retail price per litre of kerosene rose by 37.13 per cent from N947.30 in September 2022. On state profile analysis, the report showed that Adamawa recorded the highest average price at N1,746.05 per litre of kerosene in September 2023, followed by Cross-River at N1,541.67 and FCT-Abuja at N1,492.50. “On the other hand, the lowest price was recorded in Jigawa at N1,104.78, followed by Enugu State at N1,134.52 and Kano State at N1,142.27.” The NBS said the analysis further showed that the North-East recorded the highest average retail price per litre of Kerosene at N1,390.67, followed by the South-East at N1,368.49. It said the North-West recorded the lowest average retail price per litre of kerosene at N1,190.81. The report said the average retail price per gallon of Kerosene paid by consumers in September 2023 was N4,379.31, indicating a 0.64 per cent increase from N4,351.53 recorded in August 2023. “On a year-on-year basis, the average price per gallon of kerosene increased by 35.32 per cent from N3,236.27 recorded in September 2022. On state profile analysis, it showed that Lagos State recorded the highest average retail price at N5,350.00 per gallon of kerosene, followed by Katsina State at N5,000.00 and Borno at N4,997.47. On the other hand, the report said Delta recorded the lowest price at N2,956.18, followed by Rivers and Oyo at N3,296.02 and N3,712.50, respectively. Analysis by zone showed that the North-East recorded the highest average price per gallon of Kerosene at N4,712.01, followed by the South-East at N4,646.63. The report said the South-South recorded the lowest average price per gallon of Kerosene at N3,769.59. 

Average Price Of 5kg Cooking Gas Stood At N4,115.32 In August –NBS

The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N4,072.87 recorded in July to N4,115.32 in August 2023. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for August 2023 released on Monday in Abuja. The report said the August 2023 price represented a 1.04 per cent increase, compared to what was obtained in July 2023. However, the average price of 5kg of cooking gas decreased on a year-on-year basis by 7.66 per cent from N4,456 recorded in August 2022 to N4,115.32 in August 2023. On state profile analysis, the report showed that Kwara recorded the highest average price at N4,816.67 for 5kg cooking gas, followed by Benue at N4,766.67, and Zamfara at N4,756.25. It said on the other hand, Ondo recorded the lowest price at N3,299.29, followed by Ekiti and Nasarawa at N3,330.00 and N3,533.33 respectively. Analysis by zone showed that the North-Central recorded the highest average retail price at N4,501.26, followed by the North-West at N4,340.50 “The South-West recorded the lowest retail price at N3,3737.12,” the NBS said. Also, the NBS said the average retail price for 12.5kg cooking gas increased by 0.35 per cent on a month-on-month basis, from N9,162.11 in July 2023 to N9,194.41 in August 2023. However, the report said the average price of 12.5kg cooking gas dropped by 7.12 per cent on a year-on-year basis, from N9,899.34 recorded in August 2022 to N9,194.41 in August 2023. On state profile analysis, it showed that Cross River recorded the highest average price at N10,172.83 for 12.5kg cooking gas, followed by Ogun at N9,963.64 and Nasarawa at N9,883.37. On the other hand, the report showed that Adamawa recorded the lowest price at N7,597.92, followed by Borno at N8,103.69 and Gombe at N8,173.44. Analysis by zone showed that the South-South recorded the highest average retail price at N9,569.58 for 12.5kg, followed by the South-West at N9,344.17. The report said the North-East recorded the lowest price at N8,631.95. Similarly, the average retail price per litre of Kerosene rose to N1,272.40 in August 2023 on a month-on-month basis, showing an increase of 0.92 per cent, compared to N1,260.81 recorded in July 2023. According to its National Kerosene Price Watch for August 2023, on a year-on-year basis, the average retail price per litre of kerosene rose by 57.18 per cent from N809.52 in August 2022. On state profile analysis, the report showed that Adamawa recorded the highest average price at N1,745.83 per litre of kerosene in August 2023, followed by Benue at N1,468.33 and Abuja at N1,486.89. “On the other hand, Jigawa recorded the lowest price at N1,000 followed by Edo at N1,104.78 and Kaduna at N1,121.79.” The NBS said the analysis further showed that the North-East recorded the highest average retail price per litre of kerosene at N1,370.64, followed by the South-East at N1,332.49. It said the North-West recorded the lowest average retail price per litre of kerosene at N1,163.25. The report said the average retail price per gallon of kerosene paid by consumers in August 2023 was N4,351.53, indicating a 1.06 per cent increase from N4,306.07 in July 2023. “On a year-on-year basis, the average price per gallon of kerosene increased by 47.63 per cent from N2,947.65 recorded in August 2022.” On state profile analysis, it showed that Lagos recorded the highest average price at N5,350.83 per gallon of kerosene, followed by Katsina at N4,991.85 and Borno at N4,897.47. On the other hand, the report said Delta recorded the lowest price at N2,945.71, followed by Rivers and Oyo at N3,287.50 and N3,711.79, respectively. Analysis by zone showed that the North-East recorded the highest average price per gallon of Kerosene at N4,637.71, followed by the South-East at N4,590.69. The report said the South-South recorded the lowest average price per gallon of Kerosene at N3,727.30.