Prices of cooking gas rise in Aug by 0.24% ~NBS
The average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas, usually refers to as Cooking Gas rose 0.24 percent N4,136.80 in August compared with N4,126.82 in July 2020, the National Bureau of Statistics (NBS) stated on Wednesday.
However, the price of cooking gas decreased by -2.04 percent year-on-year to N4,136.80 when compared with the same period of last year, the data office said in its latest report.
For consumers who prefer the 5kg cylinder of the cooking gas, the cost of refiling such size also rose by 0.40 percent to N1,979.15 in August 2020.
The NBS said the average price for the refining of a 12.5kg cylinder cooking gas was higher in states such as Akwa Ibom where it was refiled at N4,622.50, Cross River, where consumers paid N4,567.50 and Bayelsa where consumers have to cough out N4,544.44 to refill their cylinder.
“States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas
(Cooking Gas) were Kano (N3,732.53), Oyo (N3,778.47) and Zamfara (N3,781.09).
“States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas
(Cooking Gas) were Imo (N1,672.22), Enugu (N1,700.00) and Jigawa (N1,704.55).
“States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas
(Cooking Gas) were Bauchi (N2,489.60), Adamawa (N2,402.27) and Borno (N2,397.77),” the NBS stated in its report.
Nigeria said struggling to increase the domestic usage LPG to reduce pressure on cooking with wood and curb deforestation and also ensure safety.
However, the national policy on cooking gas has not been successful due to a lack of local distribution capacity and reduction in supply by the Nigerian Liquified Natural Gas company, leading to perennial scarcity and high prices.