Liquefied Petroleum Gas (Cooking Gas) Price Watch (August 2022)

Executive Summary

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 1.34% on a month-on-month basis from N4,397.68 recorded in July 2022 to N4,456.56 in August 2022. On a year-on-year basis, this rose by 101.17% from N2,215.33 in August 2021. On state profile analysis, Taraba recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,925.44, followed by Adamawa with N4,920.00, and Lagos with N4,782.50. On the other hand, Katsina recorded the lowest price with N4,020.00, followed by Ogun and Yobe with N4,057.14 and N4,078.46 respectively. In addition, analysis by zone showed that the North-Central recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,615.95, followed by the North-East with N4,548.03, while the North-West recorded the lowest with N4,285.51. Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 0.77% on a month-on-month basis from N9,824.07 in July 2022 to N9,899.34 in August 2022. On a year-on-year basis, this rose by 119.26% from N4,514.82 in August 2021. On state profile analysis, Ebonyi recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N11,225.00, followed by Cross River with N10,982.14 and Delta with N10,965.42. Conversely, the lowest average price was recorded in Katsina with N8,150.00, followed by Yobe and Taraba with N8,212.63 and N8,886.30 respectively.

Data source: National Bureau of Statistics

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