FRI OCT 18 2024-theGBJournal| The cost of refilling cylinders of cooking gas and purchasing kerosene in Nigeria has gone up on a month-on-month basis in September 2024.
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 4.19% on a month-on-month basis from N6,430.02 recorded in August 2024 to N6,699.63 in September 2024.
On a year-on-year basis, this increased by 59.90% from N4,189.96 in September 2023.
At the same time the price of kerosene surged 5.95% in September compared to N1,847.59 recorded in August 2024. On a year-on-year basis, the average retail price per litre of the product rose by 50.68% from N1,299.03 in September 2023.
The figures published today by the National Bureau of Statistics (NBS) shows stark cost differentials on state profile.
In Rivers State for instance, price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,285.71, the highest recorded average.
Price for refilling a 5kg Cylinder in Gombe is N7,271.88, and in Borno State consumers paid as much as N7,089.72.
On the other hand, Kebbi recorded the lowest price with N5,950.00, followed by Kano and Benue with N6,133.33 and N6,143.52 respectively.
In addition, analysis by zone showed that the North-East recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N6,929.02, followed by the South-East with N6,893.47 while the North-West recorded the lowest with N6,382.30.
Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 4.89% on a month-on-month basis from N15,552.56 in August 2024 to N16,313.43 in September 2024. On a year-on-year basis, this rose by 76.41% from N9,247.40 in September 2023.
On state profile analysis, Rivers recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N17,992.86 followed by Gombe with N17,942.86 and Zamfara with N17,475.00.
Conversely, the lowest average price was recorded in Adamawa with N13,983.33, followed by Nassarawa and Bauchi with N14,938.50 and N15,000.00 respectively.
Analysis by zone showed that the South-East recorded the highest average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N16,957.29, followed by the South-West with N16,665.45 while the North-East recorded the lowest price with N15,770.75.
Similarly, the highest average price per litre of kerosene in September 2024 was recorded in Abuja with N2,816.67, followed by Kaduna with N2,437.50 and Akwa Ibom with N2,411.11.
On the other hand, the lowest price was recorded in Bayelsa with N1,416.67, followed by Borno with N1,477.83 and Ekiti with N1,635.00.
In addition, analysis by zone showed that the North Central recorded the highest average retail price per litre of Household Kerosene with N2,194.05, followed by the North-West with N2,092.92, while the South-East recorded the lowest with N1,718.89.
The average retail price per gallon of Household Kerosene paid by consumers in September 2024 was N6,818.11 indicating an increase of 5.84% from N6,441.94 in August 2024. On a year-on-year basis, this increased by 55.69% from N4,379.31 in September 2023.
On state profile analysis, Katsina recorded the highest average retail price per gallon of Household Kerosene with N8,400.00, followed by Jigawa with N8,100.00 and Kebbi and Ogun with N8,000.00.
On the other hand, Nassarawa recorded the lowest price with N5,250.00, followed by Adamawa and Niger with N5,281.25 and N5,291.67 respectively.
Analysis by zone showed that the North-West recorded the highest average retail price per gallon of Household Kerosene with N7,809.52, followed by the South-East with N7,700.19, while the North-Central recorded the lowest with N6,092.77.
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