Price of Cooking Gas Rises by 61%

 

 

From N6,165 in September 2021 to N9,906 in September 2022, the cost of 12.5kg of cooking gas increased by 61%.

In its report on Liquefied Petroleum Gas (Cooking Gas) Price Watch for September 2022, the National Bureau of Statistics revealed this.

According to the bureau’s examination of state profiles, Cross River had the highest average retail price for the commodity at N10,937, followed by Kogi and Oyo at N10,760 and N10,724, respectively.

On the other hand, Yobe had the lowest average price, N8,350, followed by Katsina and Taraba, N8,545 and N9,026 respectively.

According to a zone-by-zone analysis, the South-West had the highest average retail cost of N10,320 to fill a 12.5 kilogramme cylinder followed by the South-South with N10,202, while the North-East recorded the lowest price with N9,300.

Due to rising prices, coupled with the recent force majeure announcement by the Nigeria Liquefied Natural Gas Limited, the Nigerian Association of Liquefied Petroleum Gas Marketers cautioned Nigerians against panic buying.

Its President, Oladapo Olatunbosun, made the appeal in a statement against the backdrop of NLNG’s declaration of force majeure on its gas facility due to flood.

Olatunbosun said cooking gas consumers should not panic about a possible scarcity of the product as a result of the force majeure

“Based on information reaching the association, the NLNG has not shut down its production facility in Bonny as rumoured,” he stated.