Cooking Gas, Kerosene Prices Increase By Over 100% In 12 Months

According to data released by the National Bureau of Statistics (NBS), the prices of cooking gas and kerosene have increased by 101 percent and 102.38 percent, respectively, in the last year.

The NBS in its Cooking Gas Price and Household Kerosene Price Watch, issued Tuesday, September 20 in Abuja, said the average price of 5 kilograms of cooking gas increased from N4,397.68 in July to N4,456.56 in August.

This shows that the price in August experienced a 1.34 percent increase on a month-on-month basis, according to the NBS.

“On a year-on-year basis, the August 2022 price was a 101.17 percent increase over the price of N2,215.33 paid for the same volume of gas in August 2021, it stated.

The report added that Taraba recorded the highest average price of N4,925.44 for 5kg cooking gas, followed by Adamawa State where it cost N4,920, and Lagos State where it sold for N4,782.50.

Katsina State recorded the lowest price of N4,020 in August, followed by Ogun and Yobe at N4,057.14 and N4,078.46, respectively.

For kerosene, the average retail price per litre of household kerosene (HHK) in August 2022 was N809.52, indicating an increase of 2.5 percent compared to N789.75 recorded in July 2022.

But on a year-on-year basis, the average retail price per litre of kerosene rose by 102.38 percent, from N400.01 in August 2021.

On state analysis, the NBS said the highest average price per litre in August 2022 was recorded in Imo state with N1083.33, followed by Ekiti with N1,026.92 and Enugu with N1,017.74.