Cooking gas and kerosene prices rise more than 100% in 12 months

Cooking gas, kerosene prices increase by over 100% in 12 months

Cooking gas and kerosene prices have increased by 101% and 102.38% respectively over the past year, according to data released by the National Bureau of Statistics (NBS).

The NBS, in its report on Cooking Gas Prices and Home Kerosene Price, released on Tuesday, September 20 in Abuja, said the average price of 5 kilograms of cooking gas rose from N4,397.68 in July to N4,456.56 in August.

This shows that the price in August saw an increase of 1.34% on a monthly basis, according to the BES.

“On an annual basis, the August 2022 price was a 101.17% increase from the price of N2,215.33 paid for the same volume of gas in August 2021, he said.

The report adds that Taraba recorded the highest average price of N4,925.44 for 5kg of 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 liter of household kerosene (HHK) in August 2022 was 809.52 Naira, indicating a 2.5% increase from the 789.75 Naira recorded in July 2022.

But on a yearly basis, the average retail price per liter of kerosene increased by 102.38% from N400.01 in August 2021.

While analyzing the state, NBS said the highest average price per liter in August 2022 was recorded in Imo State with N1083.33 followed by Ekiti with N1,026.92 and from Enugu with N1,017.74.

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