Recent data from the National Bureau of Statistics has shown that the cost of 12.5kg of cooking gas increased from N7,413.25 in January 2022 to N10,277.17 in January 2023, a 38.63% rise from the previous year.
Nonetheless, the monthly increase in the price to refill it from N10,248.97 in December 2022 to N10,277.17 in January 2023 was only 0.28 percent.
According to a state profile analysis, Benue had the highest average retail price for 12.5 kg of cooking gas at N11,260.67, followed by Cross River at N10,833.33 and Ebonyi at N10,763.57.
The report, however, revealed that Yobe had the lowest average price for 12.5kg of cooking gas, at N9,550.00, followed by Taraba and Gombe, at N9,845.00 and N9,850.00.
This information was presented in the Bureau’s “Cooking Gas Price Watch” for January 2023, which was made public on Friday in Abuja.
The report also showed that, on a monthly basis, the price of cooking gas increased by 0.15 percent, from N4,565.56 in December 2022 to N4,588.75 in January 2023, while on an annual basis, the price of cooking gas increased by 25.46 percent, from N3,657.57 in January 2022 to N4,588.75 in January 2023.
In its state profile study, the NBS cooking gas report revealed that Kwara had the highest average price for 5kg of cooking gas at N4,962.50, followed by Plateau at N4,945.50 and Adamawa at N4,936.67.
The News Agency of Nigeria of reported that Anambra and Rivers recorded the highest prices at N4,183.14 and N4,210.00, respectively, while Enugu recorded the lowest price at N4,119.23.
The North-Central reported the highest average retail price of N4,859.60, followed by the North-West at N4,616.66 according to zone analysis.
The NBS reported that “The South-East recorded the lowest average retail price at N4,408.99.’’
Similar to this, the average retail price per litre of kerosene increased by 4.42 percent from N1,104.61 in December to N1,153.40 in January 2023 on a month-over-month basis.
Following its National Kerosene Price Watch, the average retail price for a litre of kerosene increased by 163.87 percent from N437.11 in January 2022 on a year-over-year basis.
Based on a state profile research, Abuja had the highest average price for a litre of kerosene in December 2023, at N1,566.67, followed by Lagos and Plateau, both at N1,411.11 and N1,383.33, respectively.
The lowest price, however, was in Jigawa, where it was N891.67. Edo was next, at N925.93, while Katsina was at N935.19.
A research by zone, according to NBS, the South-West had the highest average retail price per litre of kerosene at N1,232.15, followed by the South-East at N1,223.95.
It stated that at N1,003.54, the North-West had the lowest average retail price per liter of kerosene.
According to the data, consumers paid an average retail price of N3,886.11 per gallon of kerosene in January 2023, which represents a 3.54 percent rise over the N3,753.38 reported in December 2022.
It added; “On a year-on-year basis, the average price per gallon of kerosene increased by 154.20 per cent from N1,528.74 recorded in January 2022.”
