Prices For Cooking Gas And Kerosene Have Risen By More Than 100% in The Last Year

Prices For Cooking Gas And Kerosene Have Risen By More Than 100% in The Last Year

According to National Bureau of Statistics (NBS) data, the prices of cooking gas and kerosene have risen by 101% and 102.38%, respectively, in the last year.

In its Cooking Gas Price and Household Kerosene Price Watch, published on Tuesday, September 20 in Abuja, the NBS reported that the average price of 5 kilograms of cooking gas increased from N4,397.68 in July to N4,456.56 in August.

According to the NBS, this means that the price increased by 1.34 percent monthly in August.

“On a year-on-year basis, the August 2022 price was a 101.17 per cent increase over the price of N2,215.33 paid for the same volume of gas in August 2021, it stated.

According to the report, Taraba State had the highest average price of N4,925.44 for 5kg cooking gas, followed by Adamawa State at N4,920 and Lagos State at N4,782.50.

In August, Katsina State had the lowest price of N4,020, followed by Ogun and Yobe at N4,057.14 and N4,078.46, respectively.

In August 2022, the average retail price per litre of household kerosene (HHK) was N809.52, representing a 2.5 percent increase over the N789.75 recorded in July 2022.

However, the average retail price per litre of kerosene increased by 102.38 percent yearly, from N400.01 in August 2021 to N400.01 in August 2022.

According to the NBS, Imo state had the highest average price per litre in August 2022, at N1083.33, followed by Ekiti at N1,026.92 and Enugu at N1,017.74.

 

 

Related post