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Price Of Cooking Gas Increased In February – NBS

The National Bureau of Statistics (NBS), said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (cooking gas) increased from N2,039.82 in January to N2,067.68 in February.

The bureau disclosed this on its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for February released on its website.

It said the price of refilling a five kg cylinder of cooking gas increased by 1.37 per cent month-on-month and decreased by -4.09 per cent year-on-year in the period under review. According to the NBS, states with the highest average price for the refilling of a five kg cylinder of cooking gas are Bauchi (N2,500.00), Cross River (N2,450.00) and Adamawa/Borno (N2,400.00). It said states with the lowest average price for refilling of a 5kg cylinder of cooking gas are Osun (N1,811.11), Kaduna (N1,725.00) and Enugu (N1,680.00).

Similarly, the bureau said the average price for refilling of a 12.5kg cylinder of cooking gas decreased to N4,244.91 in February from N4,277.86 recorded in January. It said the price for the refilling of a 12.5kg cylinder for cooking gas decreased by -0.77 per cent month-on-month and -2.04 per cent year-on-year in the period under review. It named states with the highest average price refilling a 12.5kg cylinder of cooking gas to be Akwa Ibom (N4,700.00), Abia (N4,688.89) and Cross River (N4,759.09). “States with the lowest average price for refilling of a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) are Oyo (N3,805.88), Ogun (N3,835.71) and Kano (N3,775.00).” The NBS said field work was done solely by more than 700 of its staff in all states of the federation, supported by supervisors who were monitored by internal and external observers. It said the various prices were collected across all the 774 local governments across all states and the Federal Capital Territory, from more than 10,000 respondents and locations. The NBS said its audit team subsequently conducted randomly selected verification of prices recorded.

(NAN)

 

 

About Lanre Oyetade

A multiple award winner in Economics and business journalism, Lanre Oyetade has served close to two decades in the media industry, spanning different notable stables, where he is privileged to have risen to the position of a title editor. A masters degree holder in Economics from the University of Lagos and doctoral student at the Babcock University, he is a winner of the prestigious NMMA Capital Market Award for two consecutive years (2004 & 2005), and was also a nominee for the body’s banking and finance and money market awards for two years. In 2013, he also won the Most Outstanding Business-Reporting Title Editor award of the National Institute of Marketing of Nigeria (NIMN). A minister in the LORDS’s vineyard, he has been an inspirational speaker and resource person at many corporate and religious fora since early 2004, and has so far authored three books on the capital market; on personal effectiveness, and on personal finance, in 2008 and 2014, respectively.