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Date: Tuesday, 23rd April 2024
Cooking gas, kerosene prices increase by over 100% in 12 months
By Essang Michael - September 21, 2022 | Categories: BusinessTags: Economy
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The prices of cooking gas and kerosene have increased by 101 per cent and 102.38 per cent respectively in the last year, according to data released by the National Bureau of Statistics (NBS) .
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 per cent increase on a month-on-month basis, according to the NBS.
βOn a year-on-year basis, the August 2022 price was a 101.17 per cent 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 per cent 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 per cent, 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.
Cooking gas, kerosene prices increase by over 100% in 12 months - Godwin Itopa - Sep 30, 2022 3:48 pm
APC came to kill steal ND 2 destroye…so I wonder y pp think tinubu has anythin to offer when he couldn’t offer it for 7 ND half yrs of APC under buhari regime..
We can’t continue like dis…they are full picture of empty promises… just like they did in 2015..,is dis not evident dat they have nothing.. look around u…ND den show me sumthin with evident about de developmental structure of APC for de past 7 ND half yrs in government… don’t come ND start talking nonsense…am talking about evident.. sumthin everyone can see…u can’t tell me dat a government is doing well on infrastructure ND yet we can’t see any sign of infrastructural development except on paper ND not evidently seen on ground .
U can not tell me dat all federal roads have been fixed ND yet there are pot holes death traps on most highway every where…u can not tell me dat we are ranked amongst de best higher institution in education in de world ND Yet ASUU have been on strike for 7 months meanwhile lectures have not receive salaries for 7 months as well.u can not tell me dat our health care system is ok when doctors are running abroad for better ND quality health care facility ND de private hospital are very much unaffordable to de ordinary Nigerians .When pp are posting nonsense on dis platform ..
is’t dat they don’t have eyes ND can not see de direction dat Nigeria is gradually heading. even if u are a strong supporter of a certain candidate but it doesn’t mean dat u should not stand for dat which is de truth. Hw dare u come ND start arguing blindly when de evidence are there for all to see…must u argue alongside ur ignorance believe just because u are benefiting from sum certain pp ..
we can’t be use as ur package for ur selfish nd greedy interest. Because when there is hike in crude oil. It doesn’t affect only those who supporting those pulling de nation back but every Nigerians because a few have collected peanut to mortgage their tomorrow… stand well or else u will not fall well.