Average price of 5kg cooking gas stood at N6,154 in February – NBS

Date:

The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N5,139.25 recorded in January 2023 to N6,154.50 in February 2024.

Thank you for reading this post, don't forget to subscribe!

NBS disclosed this in its “Cooking Gas Price Watch’’ for February 2024, released on Saturday in Abuja.

The report said the February price represented a 19.75 per cent increase compared to what was obtained in January 2024.

The NBS said the average price of 5kg of cooking gas increased on a year-on-year basis by 33.78 per cent from N4,600.57 recorded in February 2023 to N6,154.50 in February 2024.

On state profile analysis, the report showed that Lagos recorded the highest average price at N6,820.00, followed by Imo at N6,785.71, and Anambra at N6,750.00.

On the other hand, Yobe recorded the lowest price at N4,912.50, followed by Kebbi and Adamawa at N5,350.00 and N5,385.00, respectively.

Analysis by zone showed that the South-East recorded the highest average retail price at N6, 616.57 for 5kg cooking gas, followed by the South-West at N6, 513.30.

“The North-Central recorded the lowest average retail price at N5, 723.02,” the NBS said.

Also, the NBS said the average retail price for refilling a 12.5kg cooking gas increased by 28.33 per cent on a month-on-month basis, from N11,735.72 in January 2024 to N15,060.3 in February 2024.

The report said the average retail price for 12.5kg cooking gas rose by 46.88 per cent on a year-on-year basis from N10,253.39 recorded in February 2023 to N15,060.38 in February 2024.

State profile analysis showed that Ogun recorded the highest average retail price of N16,375.00, followed by Delta at N16,333.33 and Edo at N16,321.43.
On the other hand, the report showed that the lowest average price for 12.5kg of cooking gas was recorded in Bauchi at N13,167.50, followed by Katsina and Yobe at N13,562.50 and N13,610.00, respectively.

Analysis by zone showed that the South-East recorded the highest average retail price of N15, 954.60, followed by the South-South at N15, 943.40.

The report said the North-East recorded the lowest price at N14,035.88. (NAN)

Gbenga Samson
Gbenga Samsonhttp://ThisDayLive.com
Samson Gbenga Salau [Editorial Board Adviser] Gbenga Samuel Salau is a professional journalist with over 17 years experience in journalism, he is a graduate of Communication and Language Arts, University of Ibadan. On completion of his youth service, he joined The Guardian as a freelance journalist and was later absorbed as a staff. While in the University, he was a campus journalist reporting for the Independence Hall and Faculty of Arts Press Clubs. As a campus journalist, he won the following awards; Independence Hall Press Best News writer; University of Ibadan Union of Campus Journalists’ Best News Reporter/Writer; First Runner-up, Reuben Abati Award for Investigative Journalism; Association of Faculty of Arts Students’ Press Best Reporter; University of Ibadan Union of Campus Journalists’ Best Political Writer; Winner, Reuben Abati Award for Investigative Journalism, and University of Ibadan Union of Campus Journalists’ Best Interviewer. He served the Association of Communication and Language Arts Students, as the Public Relation Officer, the same year he was appointed the News Editor of the Association of Faculty of Arts Students Press. The following session, he was made the General Editor, and a member of the 13-man University of Ibadan Students’ Union Transition Committee. As a reporter in The Guardian, in 2014, he won the Promasidor Quill Award Best Report on Nutrition and DAME Business Reporting category. In the 2015 edition of the Promasidor Quill Award, he won the best Report on Nutrition and Brand Advocate Categories, while in 2016, he won the NMMA Print Journalist of the Year, first runner-up Golden Pen Reporter of the Year and SERAs CSR Awards. Gbenga Salau loves traveling, reading, and listening to songs with good lyrics no matter the genre.

Share post:

Subscribe

Popular

More like this
Related

Sorry, but Iran is not the aggressor here

On Saturday, April 13, Iran launched hundreds of drones...

Iran warns Israel, US of ‘severe response’ in case of retaliation

Iran has warned Israel of a larger attack on...

“We’ll ensure APC remains party of choice in Ondo, other S/W states,” says Sanwo-Olu.

Sanwo-Olu Vows to Uphold APC Dominance in Ondo and...

“Osun State Govt Deploys Heavy Security Amid Yoruba Nation Invasion Fears”

Osun State witnessed a significant presence of security personnel...
Social Media Auto Publish Powered By : XYZScripts.com