Hardship: Cooking gas price soar, increases by 3.55%

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (LPG) (Cooking Gas) increased by 3.55 percent on a month-on-month basis to N5139.25 in January 2024 from N4,962.87 recorded in December 2023.

The recent report from National Bureau of Statistics NBSs showed that on a year-on-year basis, the cooking gas increased by 12.00 per cent from N4,588.75 in January 2023.

On state profile analysis, LPG in Nassarawa recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N5,790.00, followed by Jigawa with N5,681.82, and Gombe with N5,660.00.

On the other hand, Kaduna recorded the lowest price with N4,150.00, followed by Ogun and Osun with N4,751.04 and N4,763.53 respectively.

In addition, analysis by zone showed that the North-East recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N5,296.32, followed by the North-Central with N5,240.36, while the South-West recorded the lowest with N4,805.05.

Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 1.96 per cent on a month-on-month basis from N11,510.16 in December 2023 to N11,735.72 in January 2024.

We On a year-on -year basis, this rose by 14.19 per cent from N10,277.17 in January 2023.

(Blueprint)

About Funmilayo Ojo

Funmilayo Ojo is a Mass Communication Graduate. She is a prolific writer and a journalist who is gifted in Media works. She is also a business tycoon. She is currently the Regional Editor, of Southwest National Telescope Newspaper. She is happily married to Femi and they are blessed with lovely kids. Email: sweditor@nationaltelescope.com

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