The National Bureau of Statistics (NBS) revealed that average price of 5kg cooking gas increased by 0.21% from N4,474.48 in September to N4,483.75 in October.
NBS made this known in its ‘Cooking Gas Price Watch‘ for October 2022, which was released on Monday in Abuja.
The NBS stated that the increase was 70.62 percent year on year, from N2,627.94 in October 2021 to N4,483.75 in October 2022.
According to the report’s state profile analysis, Kwara had the highest average price for 5kg of cooking gas at N4,955, followed by Niger at N4,950 and Adamawa at N4,940.29.
According to the report, Abia had the lowest price at N4,045.45, followed by Kano and Delta at N4,100 and N4,139.29, respectively.
According to geopolitical zone analysis, the North-Central recorded the highest average retail price for 5kg cooking gas at N4,726.07, followed by the North-East at N4,577.86.
According to the report, the South-South recorded the lowest average retail price of N4,275.92.
According to the report, the average retail price of 12.5kg cooking gas increased from N9,906.44 in September to N10,050.53 in October, representing a 1.45 percent month-on-month increase.
On a year-over-year basis, it increased by 51.4 percent from N6,638.27 in October 2021 to N10,050.53 in October 2022.
According to the report’s state profile analysis, Cross River had the highest average retail price for 12.5kg cooking gas at N10,986.11, followed by Oyo State at N10,826.56 and Kogi at N10,783.33.
According to the report, the lowest average price was recorded in Yobe at N8,533.33, followed by Sokoto and Katsina at N9,100.00 and N9,202.86, respectively.
