NBS report shows cost of cooking gas in Nigeria jumps to highest in over 2 years
Posted by Ahmed Iyanda | 3 years ago | 1,396 times
The National Bureau of Statistics(NBS) recently released a report on the cost of cooking gas in Nigeria, which indicated that the average cost of purchasing a 12.5kg cylinder of household cooking gas in Nigeria spiked by 7.16 percent year-on-year in July 2021 to N4,422.32.
Of the overall record, the cost of a 12.5kg cylinder of household cooking averaged at N4,422.32 across the 36 states and the federal capital territory in July 2021. This represents a 3.11% increase compared to N4,289.05 recorded in the previous month.
The data shows that the price increased to its highest level in over two years. Specifically, a 12.5kg cylinder of household cooking gas increased to its highest since November 2018.
The survey also shows that a 5kg cylinder of cooking gas sold for an average of N2,141.59, indicating a year-on-year increased of 8.64 percent compared to N1,971.34 recorded in the corresponding month of 2020, while it increased by 3.52 percent compared to N2,068.69 recorded in the previous month.
Also, the report indicated that there's a slight reduction compared to 17.75 percent recorded in the previous month.
On states analysis, Abuja, the federal capital territory, recorded the highest increase in the price of 12.5kg cylinder of cooking gas with a 30.41% year-on-year increase in price. Kano State followed with a 25.68 percent increase, Kwara (25.23%), Imo State (24.28%), and Rivers State with 19.86%.
On the other hand, Ondo State recorded a 3.24% decrease in the price of the commodity, followed by Zamfara State with 2.62% decrease, Anambra State (-2.52%), Bayelsa (-1.44%), and Jigawa State with 1.25% decrease in price.
Abuja also took the lead in terms of states with the highest price, thereby recording N5,060 for a 12.5kg cylinder of cooking gas, followed by Gombe State (N5,000), Kogi (N4,985), Rivers (N4,953), and Kwara State (N4,950), respectively.
Meanwhile, Kaduna State sells the lowest at N3,718, followed by Zamfara State at N3,725, Oyo (N3,859), Katsina (N3,872), and Ondo State at N3,958.
