NBS says Price of 5kg Cooking Gas Averages N4, 549.14 in November

The average price of the 5 kilogramme, kg, of the Liquefied Petroleum Gas, LPG, also known as cooking gas increased from N4, 483.75 in October to N4, 549.14 in November.

The National Bureau of Statistics, NBS, disclosed this in its November 2022 “Cooking Gas Price Watch“, which tracks the price movement of the commodity on a month-by-month basis.

The NBS, according to a News Agency of Nigeria report, said the November price was a 1.46 per cent increase over what was obtained in October, adding that on a year-on-year basis, the increase was 37.34 per cent from N3, 312.42 recorded in November 2021 to N4, 549.14 in November 2022.

It stated that on state profile analysis, Niger recorded the highest average price of N4, 983.33 for 5kg cooking gas, followed by Kwara at N4, 963.33, and Adamawa at N4, 960.00.

The Bureau said that Abia, on the other hand, recorded the lowest price at N4, 125.00, followed by Delta and Anambra at N4, 202.78 and N4, 204.17, respectively.

On analysis by zone, it said the North-Central recorded the highest average retail price of N4, 852.74, followed by the North-East at N4, 606.80.

“The South-East recorded the lowest average retail price at N4, 357.18,” the NBS said.

Similarly, the average retail price per litre of kerosene rose to N1, 083.57 in November on a month-on-month basis, showing an increase of 4.08 per cent compared to N1, 041.05 recorded in October.

According to its “National Kerosene Price Watch” for November 2022, on a year-on-year basis, the average retail price per litre of kerosene rose by 145.68 per cent from N441.06 in November 2021.




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