Gas price jumps by 83% in one year –NBS report

According to a new report by the National Bureau of Statistics, the average retail price for cooking gas increased by 83.62 per cent from N2057.71 in March 2021.

The report was titled, “Liquefied Petroleum Gas (Cooking Gas) Price Watch (March 2022).”

It indicated that the average price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) stood at N3778.30 in March 2022, from N3708.58 recorded in February 2022, showing an increase of 1.88 percent month-on-month.

The state profile analysis, shows the highest average price for refilling a 5kg cylinder of LPG was recorded in Ekiti with N4,200, followed analyzed with N4163.33 and Imo with N4150.00.

On the other hand, Adamawa recorded the lowest average price with N2604.01, followed by Yobe and Kano with N2740.00 and N3300.00 respectively.

Furthermore, prices analyzed by zones show that the average retail price for refilling a 5kg cylinder of LPG was highest in the South-East with N3992.56, followed by the South-West with N3900.55haved South-South, N3877.08, while North-East recorded the lowest average retail price with N3419.37.

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