COOKING GAS SPIRITS & PRICE INCREASE.

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 As it has been often thought by a lot of humans that there must be an ancestral spirit hiding in homes that make the cooking gas finish on Sundays, it appears that thinking will be further enforced as the National bureau of statistics has rolled out their findings on an additional increase in the price of cooking gas.


According to the Office for National Statistics (NBS), the average cost of 5 kg cooking gas climbed from N4,456.56 in August to N4,474.48 in September.

It noted that the price for September was a 0.40 percent increase over what was realized in August in its "Cooking Gas Price Watch" for September 2022, published on Saturday in Abuja. According to them, the price of N4,474.48 per 5 kg of gas in September 2022 represented a rise of 86.62% when compared to the cost of N2,397.60 that was available for the same volume in September 2021.

According to assessments of state profiles, Kwara had the highest average price for 5 kg of cooking gas at N4,950, followed by Niger at N4,941.67 and Adamawa at N4,928.29.

Anambra, Kano State, and Abia State had the highest prices, with Abia posting the lowest at N4,044.44, N4,100.00, and N4,109.67, respectively.

The geopolitical zone analyses show, the north central recorded the highest average retail price for 5 kg of cooking gas at N4,715.74; the northeast came in second with N4,539.41.

According to the NBS, "South-South recorded the lowest retail price at N4,317.92."

Additionally, it stated that a 12.5 kg cooking gas cylinder's average retail price increased from N9,899.34 in August 2022 to N9,906.44 in September, representing a gain of 0.07% monthly.

From N6,164.97 in September 2021 to the same time in September 2022, the price climbed by 60.69% year over year.

The report's state assessments showed that, at N10,937.50, Cross River had the highest average retail price for 12.5kg of cooking gas, followed by Kogi and Oyo.

According to the NBS, Yobe had the lowest average price of N8,350, followed by Katsina and Taraba at N8,545.56 and N9,025.78, respectively.

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