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24.05% Increase In Cooking Gas Price In One Year – NBS




Marketers Stop Importation As Cooking Gas Price Jumps By 240%

The National Bureau of Statistics (NBS) has said that the average price of 5kg of cooking gas increased from N3,708.58 in February 2022 to N4,600.57 in February 2023.

This information was contained in the Bureau’s “Cooking Gas Price Watch’’ for February 2023 released on Friday in Abuja.

According to the report, the February price indicated a 24.05 pet cent increase comparted to the price in February 2022.

It added that on a month-on-month basis, the price rose by 0.26 per cent from N4,588.75 recorded in January 2023 to N4,600.57 in February 2023.

On state price analysis, the report showed that Kwara recorded the highest average price of N4,962.86 for refilling of a 5kg cooking gas, followed by Adamawa at N4,914.00, and Niger at N4,907.50.

It said on the other hand, Enugu recorded the lowest price at N4,179.41, followed by Rivers and Abia at N4,204.44 and N4,220.00 respectively.

Analysis by zone showed that the North-Central recorded the highest average retail price of N4,845.44 for 5kg cooking gas , followed by the North-West at N4,629.19. “The South-East recorded the lowest average price at N4,428.97 for 5kg cooking gas,” it added.

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The NBS said the average retail price for refilling a 12.5kg cooking gas declined by 0.23 per cent on a month-on-month basis from N10,277.17 in January 2023 to N10,253.39 in February 2023. “On a year-on-year basis, this rose by 37.67 per cent from N7,447.79 in February 2022,” it added.