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Home Business News Politics

Average cooking gas price drops to ₦2090 in March

Fikayo Owoeye by Fikayo Owoeye
April 12, 2018
in Politics
FG to subsidize transportation, distribution costs of cooking gas - PEF

FG to subsidize transportation, distribution costs of cooking gas - PEF

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The National Bureau of Statistics NBS has released the Liquefied Petroleum Gas [cooking gas] price watch for the month of March.

Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -3.03% month-on-month and decreased by -16.16% year-on-year to  ₦2090.97 64 March 2018 from  ₦2,155.97 in February 2018.

The report shows states with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Borno ( ₦2487.50), Yobe ( ₦2500.00), and Bauchi ( ₦2400.00).

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While states with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Abuja ( ₦1,760.00), Ebonyi ( ₦1,870.00) and Ekiti ( ₦1,895.00).

Similarly, the average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -1.84% month-on-month and decreased by -13.60% year-on-year to  ₦4253.73 in March 2018 from  ₦4,333.27 in February 2018.

The report also listed states with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) include Akwa Ibom ( ₦4,650.00), Benue ( ₦4,966.67) and Cross River ( ₦4,730.00).

States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Oyo ( ₦3834.38), Lagos ( ₦3768.00) and Bauchi ( ₦3,400.00).

According to the National Bureau of Statistics, the prices of cooking gas fluctuated in March, with some state residents paying more than others.

 


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Tags: Gas Price watch for marchNigeria Bureau of Statistics
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

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