Nigerians lament as cooking gas price rose by 39% in 12 months

The National Bureau of Statistics has revealed that the price of 12.5kg of cooking gas rose from N7,413.25 recorded in January 2022 to N10,277.17 in January 2023, representing a 38.63 percent increase on a year-on-year basis.

However, the cost to refill it rose by only 0.28 per cent on a month-on-month basis from N10,248.97 in December 2022 to N10,277.17 in January 2023.

State profile analysis showed that Benue recorded the highest average retail price of N11,260.67 for 12.5kg cooking gas, followed by Cross River at N10,833.33 and Ebonyi at N10,763.57.

On the other hand, the report showed that the lowest average price for 12.5kg of cooking gas was recorded in Yobe at N9,550.00, followed by Taraba and Gombe at N9,845.00 and N9,850.00.

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

The report also revealed that the average price of 5kg of cooking gas increased from N4,565.56 recorded in December 2022 to N4,588.75 in January 2023 representing a 0.15 percent increase while on a year-on-year basis, the increase in the price of cooking gas was a 25.46 per cent increase from N3,657.57 recorded in January 2022 to N4,588.75 in January 2023.

The NBS cooking gas report showed that Kwara recorded the highest average price of N4,962.50 for 5kg cooking gas, followed by Plateau at N4,945.50, and Adamawa at N4,936.67 in its state profile analysis.

While Enugu on the other hand recorded the lowest price at N4,119.23, followed by Anambra and Rivers at N4,183.14 and N4,210.00, News Agency of Nigeria reported.

Analysis by zone showed that the North-Central recorded the highest average retail price of N4,859.60, followed by the North-West at N4,616.66. Punch