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Price of cooking gas rises marginally –NBS

Chinwe Maduagwu by Chinwe Maduagwu
September 14, 2018
in Top News
Price of cooking gas rises marginally –NBS
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The National Bureau of Statistics (NBS) says the average cost of refilling gas rose marginally in August.

According to its August 2018 “Liquefied Petroleum Gas (Cooking Gas) Price Watch” released in Abuja on Friday, the cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) rose from N2, 001.45 in July to N2,005.14 in August.

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The rise in prices, the report said, represented a 2.17 per cent month-on-month and 3.19 per cent year-on-year increase in the period under review.

It named the states with the highest average price for refilling a five kg cooking gas to include Bauchi N2, 490.00; Borno N2, 400.00 and Gombe N2, 354.55, while the states with the lowest average price for the refilling of a five kg cooking gas were Kaduna N1, 825.00; Kano N1, 800.00; and Enugu N1, 791.11.

According to the bureau, the average price for refilling a 12.5kg cylinder for cooking gas increased in August to N4, 366.48 from N4, 244.35 in July.

It said the price increased by 2.17 per cent month-on-month and 3.19 per cent year-on-year in the period under review.

“States with the highest average price for the refilling of a 12.5kg cylinder cooking gas are Benue N5,100.00; Akwa Ibom N4, 750.25 and Cross River N4, 733.33.

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“Also, states with the lowest average price for the refilling of a 12.5kg cylinder for cooking gas are Katsina and Kebbi N4, 000.00; Lagos N3, 952.38 and Oyo N3, 948.13.

Meanwhile, the bureau said the price of Premium Motor Spirit (Petro) also increased to N146.90 in August from N146.80 recorded in July.

The Bureau in its August 2018 “Premium Motor Spirit (Petro) Price Watch” also released in Abuja, said that the average price paid by consumers for petrol increased by 1.7per cent year-on-year and 0.1 per cent month-on-month.

It said the price of petrol increased to N146.90 in the period under review from N146.80 recorded in July.

The states with the highest average price of petrol included Borno N157.00; Kebbi N152.94 and Kwara N152.86, while Ekiti N144.23; Katsina N144.08 and Bauchi N143.89 were named the states with the lowest average price of petrol.

Tags: marginallynbsNIGERIA NEWSPrice of cooking gasrisesTop news
Chinwe Maduagwu

Chinwe Maduagwu

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