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Nigerians To Pay More For Cooking Gas As Price Increases To N11,000 For 12kg Cylinder

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Nigerians To Pay More For Cooking Gas As Price Increases To N11,000 For 12kg Cylinder

The National Bureau of Statistics (NBS) has stated that the average retail price for refilling a 12.5kg cylinder of 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 average.

In some states across the country, the essential commodity sold for as much as N11,225 in August 2022.

This may look like a small increase on a monthly basis until the 101% rise compared to last year is considered. The 5kg cylinder which sold for N2, 215.33 in August 2021, now sells for N 4,456.56 on average.

Nigerians To Pay More For Cooking Gas As Price Increases To N11,000 For 12kg Cylinder

To the over 9 million Nigerians who use gas for domestic cooking, it is a further burden on their wallets that is already stretched by 20.52% inflation rate.

A breakdown of gas prices across Nigeria

12.5kg cylinder

According to the August 2022 liquefied petroleum gas (cooking gas) price watch from the National Bureau of Statistics, in August 2021, cooking gas users paid N4,514.82 for the same 12.5kg cylinder, and when compared with current prices, is a whopping 119.26% increase.

The states with the highest and lowest 12.5kg cylinder refill prices as of August 2022, are as follows;

Lowest prices

States Price
Katsina N8,150.00
Yobe N8,212.63
Taraba N8,886.30

Highest prices

States Price
Ebonyi N11,225.00
Cross River N10,982.14
Delta N10,965.42

5kg cylinder

The average retail price for refilling a 5kg cylinder of cooking gas increased by 1.34% on a month-on-month basis from N4,397.68 in July 2022 to N4,456.56 in August 2022.

According to the cooking gas price watch, in August 2021, cooking gas users paid N2,215.33 for a 5kg cylinder, and when compared with current prices, is a 101.17% increase.

The states with the highest and lowest 5kg cylinder refill prices as of August 2022 are as follows;

Lowest prices

States Price
Katsina N4,020.00
Ogun N4,057.14
Yobe N4,078.46

 

Highest prices

States Price
Taraba N4,925.42
Adamawa N4,920.00
Lagos N4,782.50

5kg cylinder refill from September 2021 to June 2022

The cooking gas price watch report also highlights average cooking gas prices from September 2021 to June 2022. For 5kg cylinder refilling, September 2021 was N2,397.60, October 2021 was 2,627.94, November 2021 was N3,312.42, and December 2021 was N3,594.81.

January 2022 showed N3,657.57, February 2022 was N3,708.58, March 2022 showed N3,778.30, April 2022 was N3,800.47, May 2022 was N3,921.35, and June 2022 showed N4,218.38.

12.5kg cylinder refill from September 2021 to June 2022

The cooking gas price watch report also highlights average cooking gas prices from September 2021 to June 2022. For 12.5kg cylinder refilling, September 2021 showed N6,164.97, October 2021 was N6,638.27, November was N7,308.06, and December 2021 was N7,332.04.

January 2022 showed N7,413.25, February 2022 was N7,447.79, March 2022 showed N7,617.71, April 2022 was N8,164.37, May 2022 was N8,726.30, and June 2022 showed N9,485.91.

Source: Nairametrics