Sahara News
Breaking News in Nigeria and World wide

Cooking gas price rose by 39% in 12 months – NBS

According to the National Bureau of Statistics, the cost of 12.5 kilograms of cooking gas increased by 38.63 percent year-over-year, going from N7,413.25 in January 2022 to N10,277.17 in January 2023.

However, from N10,248.97 in December 2022 to N10,277.17 in January 2023, the cost to refill it increased only 0.28% month-over-month.

According to a state profile analysis, Benue had the highest average retail price for 12.5 kilograms of cooking gas, at N11,260.67, followed by Cross River at N10,833.33 and Ebonyi at N10,763.57.

On the other hand, the report indicated that Yobe had the lowest average price for 12.5 kilograms of cooking gas, at N9,550.00, followed by Taraba and Gombe, where prices were N9,845.00 and N9,850.00, respectively.

This information was included in the “Cooking Gas Price Watch” for January 2023 that the Bureau released on Friday in Abuja.

ALSO READ:  BREAKING:Bank borrowing from CBN rises 27% to N4.5tn

The report also showed that the average price of 5 kilograms of cooking gas increased by 0.15 percent from N4,565.56 in December 2022 to N4,588.75 in January 2023. On a year-over-year basis, the price of cooking gas increased by 25.46 percent from N3,657.57 in January 2022 to N4,588.75 in January 2023.

According to the NBS cooking gas report’s state profile analysis, Kwara had the highest average price for 5 kilograms of cooking gas, at N4,962.50, followed by Plateau at N4,945.50, and Adamawa at N4,936.67.

According to the News Agency of Nigeria, Enugu had the lowest price at N4,119.23, followed by Anambra and Rivers at N4,183.14 and N4,210.00, respectively.

ALSO READ:  Biafra: IPOB Can’t Launch Attacks In Rivers State – Wike

The North-Central zone had the highest average retail price, N4,859.60, while the North-West zone had the lowest average retail price, N4,616.66.
The South-East recorded the lowest average retail price at N4,408.99, the NBS stated. Related News Economists project lower inflation as consumer demand falls. Investing your savings to beat rising inflation. Computer export drops by 15% over inflation.

In a similar vein, the average retail price per liter of kerosene increased by 4.42 percent in January 2023, reaching N1,153.40, up from N1,104.61 in December 2022.

The average retail price of kerosene increased by 163.87 percent from N437.11 in January 2022, according to its National Kerosene Price Watch for January 2023.

According to the report’s state profile analysis, Abuja had the highest average kerosene price per liter in December 2023, at N1,566.67, followed by Lagos at N1,411.11, and Plateau at N1,383.33.

ALSO READ:  BREAKING :Mahmood Yakubu Replies Opposition Parties, I Won’t Step Down, INEC Chairman,

On the other hand, Jigawa had the lowest price, N891.67, followed by Edo, N925.93, and Katsina, N935.19.

The North-West had the lowest average retail price per liter of kerosene, at N1,003.54, according to the NBS’s zone analysis. The South-West had the highest average retail price per liter of kerosene, at N1,232.15, followed by the South-East, at N1,223.95.

According to the report, consumers paid an average of N3,886.11 for a gallon of kerosene in January 2023, a 3.54% increase from N3,753.38 in December 2022.

“From N1,528.74 in January 2022, the average price of kerosene per gallon increased by 154.20 percent year over year.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

error: Content is protected !!