• Friday, April 19, 2024
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BusinessDay

A’Ibom, Delta top states with highest price of cooking gas

Lagos residents spend almost a third of their salaries to cook stew weekly – Report

Nigeria’s oil and gas producing states, including Akwa Ibom, Delta and Abia, ironically, top list of states with the highest price of Liquefied Petroleum Gas (LPG) also known as cooking gas, though there’s a general drop in price across the country.

Figures released by the National Bureau of Statistics (NBS) on Friday showed that a 5kg cylinder of LPG which sold an average of N2, 052.79 in December 2018, dropped marginally to N2, 039.82 in January 2019.

The NBS on its cooking gas price watch, the price of refilling the 5kg cylinder of LPG decreased by -0.63 per cent month-on-month and -6.86 per cent year-on-year in the period under review.

The report which captured price of cooking gas in states, shows the highest average price for refilling the 5kg cylinder in Bauchi to be N2,540.00; Adamawa and Cross River N2,350.00 and Borno, N2,325.00.

According to the report on the NBS website, states with the lowest average price for refilling a 5kg cylinder are Osun, N1,703.57; Ogun N1,700.00 and Enugu N1,672.22.

Also, the average price for refilling of a 12.5kg cylinder went down from N4,332.06 in December 2018 to N4,277.86 in January, showing a decreased of 1.25 per cent month-on-month and 1.16 per cent year-on-year in the period under review.

“States with the highest average price for the refilling of a 12.5kg cylinder for cooking gas are Akwa Ibom, N4, 850. 00; Abia, N4, 761.54 and Delta N4, 757.14,” the NBS report said.

While states with the lowest average price for the refilling of a 12.5kg cylinder are Oyo with N3, 945.00; Lagos, N3, 876.00 and Kano N3, 866.67.

 

JOSHUA BASSEY