SOUTH-EAST, SOUTH-SOUTH SPENT MORE ON COOKING GAS IN APRIL –NBS
The National Bureau of Statistics has said that the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG ) was highest in the South-East with N4041.39, followed by the South-South region (N3896.59), and North-Central region (N3835.83).
The recent report by the NBS titled, “Liquefied Petroleum Gas Price Watch List April 2022” also showed that the North-West recorded the lowest average retail price of N3572.83. The report said that the average price for refilling a 12.5kg cylinder of the same commodity increased to N8164.37 in April 2022, from N7617.71 in March 2022, representing a 7.18 percent month-on-month increase. The report, however, showed that South-West recorded the highest price in filling 12.5kg of LPG.
The average retail price of a 12.5kg LPG cylinder by zones showed that the average retail price was highest in the South-West with N8573.28 followed by the South-South and South-East with N8252.90 and N8240.32 respectively. The North-East Zone recorded the lowest price with N7559.43. According to the report, the average price for refilling 5kg LPG stood at N3800.47 in April 2022, from N3778.30 recorded in March 2022. The average price for refilling a 5kg cylinder of cooking gas stood at N3800.47 in April 2022, from N3778.30 recorded in March 2022, showing an increase of 0.59 percent month-on-month. However, on a year-on-year basis, the average retail price for cooking gas increased by 83.67 percent from N2069.21 in April 2021.
According to state profile analysis, the highest average price for refilling a 5kg Cylinder of cooking gas was recorded in Gombe with N4337.50, followed by Bayelsa with N4250.00 and Adamawa with N4220.00. On the other hand, Yobe recorded the lowest average price with N2931.83. This was followed by Sokoto and Zamfara with N3000.00 and N3250.00 respectively. The report also showed that the highest average retail price for refilling 12kg LPG was recorded in Oyo, with N8930.88
The state comparisons showed that the highest average retail price for the refilling of a 12.5kg cylinder of LPG was recorded in Oyo with N8930.88, followed by Bayelsa with N8916.67 and Ogun, with N8766.67. Conversely, the lowest average price for the refilling of a 12.5kg cylinder of LPG was recorded In Yobe with N6619.18, followed by Borno and Ebonyi with, N6800.00 and N7710.55 respectively.