*The National Bureau of Statistics report on 鈥楲iquefied Petroleum Gas (Cooking Gas) Price Watch August 2024鈥�, reveals the average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 9.05 percent on a month-on-month basis from N14,261 July 2024 to N15,552 August 2024

Isola Moses | 绿帽献妻

The average retail price for refilling a 12.5kg cylinder of the Liquefied Petroleum Gas (LPG), otherwise known as Cooking Gas, increased by 69.15 percent from N9,194 in August 2023 to N15,552 August 2024, on a year-on-year basis, according to data from the National Bureau of Statistics (NBS).

Though the Bureau did not state reason for the year-on-year price increment, inflation rate has been on a rising trajectory in recent months, hitting as high as 34 percent before dropping slightly to 32.15 percent August from 33.40 percent in July this year.

绿帽献妻 checks in Lagos and Ogun States also revealed that the energy crisis situation, amid attendant price hikes in several parts of Nigeria, has caused unease among several consumers with loads of complaints over the equally rising cost of living (COL) in the country in recent times.

Others have equally taken a swipe at the DisCos鈥� increasing cost of electricity supply with somewhat 鈥榝orced migration to Band A鈥� category of power consumers, citing little or no hope in sight for alternative energy options for some respite.

The NBS report on 鈥楲iquefied Petroleum Gas (Cooking Gas) Price Watch August 2024鈥�, showed the average retail price for refilling a 12.5kg cylinder of cooking gas increased by 9.05 percent on a month-on-month basis from N14,261 July 2024 to N15,552 August 2024.

However, the agency said on state profile analysis, Rivers State recorded the highest average retail price for the refilling of a 12.5kg cylinder at N17,086. followed by Cross River State with N17,050 and Abia with N17,012 respectively.

On a year-on-year basis, this increased by 56.25 percent from 鈧�4,115 in August 2023, noted the report.

Whereas on state profile analysis, the NBS stated that Benue and Sokoto States recorded the highest average price for refilling a 5kg cylinder with N7,000, followed by Rivers with N6,954, and Borno with N6,914.

Taraba, on the other hand, recorded the lowest price with N5,600 followed by Abuja and Kogi with N5,825 and N5,857 respectively.

The agency鈥檚 analysis by zone further indicated that the South-East region recorded the highest average retail price for refilling a 5kg cylinder with N6,585, followed by the South-South with N6,451 while the North-Central recorded the lowest with N6,344.

Nonetheless, the lowest average price was recorded in Bauchi State with N13,425, followed by Nasarawa and Adamawa with N13,641 and N13,725 respectively, according to the report.

The NBS further noted that its analysis by zone indicated the South-South region of Nigeria recorded the highest average retail price for refilling a 12.5kg cylinder with N16,524, followed by the South-East with N16,496 while the North-Central recorded the lowest price with N14,767.

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