Average price of 5kg cooking gas stood at N4,588.75 in January – NBS

The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N4,565.56 recorded in December 2022 to N4,588.75 in January 2023.

This is contained in the Bureau’s “Cooking Gas Price Watch’’ for January 2023 released on Friday in Abuja.

The report said the January 2023 price represented a 0.51 per cent increase compared to what was obtained in December 2022.

It said on a year-on-year basis, the increase was 25.46 per cent from N3,657.57 recorded in January 2022 to N4,588.75 recorded in January 2023.

On state profile analysis, the report showed that Kwara recorded the highest average price of N4,962.50 for 5kg cooking gas, followed by Plateau at N4,945.50, and Adamawa at N4,936.67.

It said on the other hand, Enugu recorded the lowest price at N4,119.23, followed by Anambra and Rivers at N4,183.14 and N4,210.00, respectively.

Analysis by zone showed that the North-Central recorded the highest average retail price of N4,859.60, followed by the North-West at N4,616.66.

“The South-East recorded the lowest average retail price at N4,408.99,’’ the NBS said.

The NBS also said the average retail price for refilling a 12.5kg cooking gas rose by 0.28 per cent on a month-on-month basis from N10,248.97 in December 2022 to N10,277.17 in January 2023.

“On a year-on-year basis, this rose by 38.63 per cent from N7,413.25 recorded in January 2022 to N10,277.17 in January 2023.’’

State profile analysis showed that Benue recorded the highest average retail price of N11,260.67 for 12.5kg cooking gas, followed by Cross River at N10,833.33 and Ebonyi at N10,763.57.