NBS Says Cooking Gas Recorded Over 100% Increase In One Year
The National Bureau of Statistic’s (NBS) August 2022 report on Liquefied Petroleum Gas(LPG), also known as cooking gas, has confirmed that there has been more than a 100% year-on-year increase on the product.
According to the report, the average retail price for refilling a 5kg cylinder of cooking gas on a year-on-year basis rose by 101.17% from N2,215.33 in August 2021 to N4,456.56 in August 2022.
While the average retail price for 12.5kg cylinder rose by 119.26% from N4,514.82 in August 2021 to N9,899.34 in August 2022 on a year-on-year basis.
This means that between August 2021 and August 2022, the household product has recorded more than a 100% increase in retail price.
The NBS in that report said the average retail price for refilling a 5kg cylinder of cooking gas increased by 1.34% on a month-on-month basis from N4,397.68 in July 2022 to N4,456.56 in August 2022.
While the average retail price for refilling a 12.5kg cooking gas increased by 0.77% on a month-on-month basis from N9,824.07 in July 2022 to N9,899.34 in August 2022.
On state profile analysis, Taraba recorded the highest average price for refilling a 5kg cylinder of cooking gas with N4,925.44, followed by Adamawa with N4,920.00, and Lagos with N4,782.50.
On the other hand, Katsina recorded the lowest price with N4,020.00, followed by Ogun and Yobe with N4,057.14 and N4,078.46 respectively.
For the 12.5kg cylinder of gas, Ebonyi recorded the highest average retail price with N11,225.00, followed by Cross River with N10,982.14 and Delta with N10,965.42. Conversely, the lowest average price for 12.5kg was recorded in Katsina with N8,150.00, followed by Yobe and Taraba with N8,212.63 and N8,886.30 respectively.
On zonal levels the North-Central recorded the highest average retail price for refilling a 5kg cylinder with N4,615.95, followed by the North-East with N4,548.03, and the North-West had the lowest with N4,285.51.
Analysis by zone showed that the South-South recorded the highest average retail price for refilling a 12.5kg cylinder of gas with N10,320.58, followed by the South -West with N10,296.74, and the North-East recording the lowest price with N9,205.03.
While the NBS’s report for price analysis for the month of September is yet to be out, NaijaNews spoke with some gas consumers at an LPG retailing shop at Egbejila, a suburb in the Kwara State capital Ilorin and they bared their minds on the recent prices of cooking gas.
One of them, who identified herself as Taiwo said the price of gas is now so high that she can’t fill up her 6kg cylinder these days with the economic hardship, so she just refill what is in her capacity, citing that she was at the shop to buy 2kg worth of gas inside her 6kg cylinder.
Another buyer who also spoke with our reporter said for her she uses the small 3kg cylinder to support her charcoal stove at home, because the gas is fast and she uses it in the morning when preparing food for her children for school.
The shop attendant explained that 1kg is sold for N800, so multiplied by the number of kg a customer wants to buy.
Meanwhile another retail outlets in Lagos gave N9,000 as retail price of refilling a 12kg cylinder, while the retail price for 6kg is N4,500, and the price for 1kg is N800.