Price of Cooking Gas Increases to N2, 067.68

 

The average price for refilling a five kilogramme (Kg) cylinder for Liquefied Petroleum Gas, otherwise known as cooking gas increased by 1.37 per cent (month-on-month) to N2, 067.68 in February 2019, compared to N2,039.82 recorded in January, according to the National Bureau of Statistics (NBS).

But it decreased by -4.09 per cent, year-on-year when compared to the N2, 155.97 recorded in February 2018, the NBS added.

According to the Liquefied Petroleum Gas (Cooking Gas) Price Watch – February 2019, which was posted on its website yesterday, states with the highest average price for refilling a 5kg gas cylinder included Bauchi N2,500.00, Cross River N2,450.00 and Adamawa/Borno N2,400.00.

On the other hand, Osun with N1, 811.11, Kaduna N1, 725.00 and Enugu N1, 680.00 represented states with the lowest average price for the refilling of a 5kg cylinder of cooking gas.

Similarly, the average price for refilling a 12.5kg cylinder for cooking gas decreased by -0.77 per cent (month-on-month) and -2.04 per cent (year-on-year) to N4,244.91 in February 2019 from N4,277.86 in January 2019, the statistical agency stated.

It pointed out that Akwa Ibom with N4,700.00, Abia N4,688.89 and Cross River N4,759.09 were states with the highest average price for the refilling the 12.5kg cylinder if cooking gas while Oyo N3,805.88, Ogun N3,835.71 and Kano N3,775.00 paid less.

In the same vein, the average price per litre paid by consumers for household kerosene decreased by -0.27 per cent month-on-month to N305.55 in February compared to N306.28 in January as well as increased by 5.85 per cent (year-on-year) when compared to the N288.57 recorded in February 2018.

Plateau with average price of N335.55, Anambra N332.22 and Enugu N329.17, had the highest average price per litre of kerosene for the period while Gombe N265.74, Niger N268.42 and Lagos N274.35 paid the lowest average price per litre of kerosene.

According to the National Household Kerosene Price Watch (February 2019) also released yesterday, the average price per gallon paid by consumers for household kerosene increased by 2.71 per cent (month-on-month) and 15.90 per cent (year-on-year) to N1209.73 in February from N1187.75 in January.

States with the highest average price per gallon of kerosene were Jigawa N1331.25, Borno N1325.00 and Katsina N1305.00. While those with the lowest average price per gallon of kerosene were Niger N1, 110.00, Kogi N1, 051.43 and

Bayelsa N1, 105.00.

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