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NBS report shows that it cost more to refill cooking gas cylinder in May

NBS report shows that it cost more to refill cooking gas cylinder in May

The National Bureau of Statistics (NBS) said the average prices for the refilling of a 5kg and 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased in May 2018 compared to April 2018.

The monthly report of the Statistics Office on “Liquefied Petroleum Gas (Cooking Gas) Price Watch” for May 2018 released on Tuesday shows that the cost of refilling a 5kg cooking gas cylinder rose from N2,058.19 in April 2018 to N2,072.24 in the month under review.

It also stated that the average price for refilling a 12.5kg cylinder of the commodity increased by 0.70% from a month earlier to N4298.72 in May 2018.

But, the Bureau noted that when the prices are compared to the amount sold in the same month last year, the cost of refilling a 5kg and 12.5kg of cooking gas cylinder reduced by -15.30 percent from N2,446.57 and -13.30 percent from N4,957.88 respectively.

According to the report, the states with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,500.00), Gombe (N2,500.00), and Borno (N2,428.57), while states with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kaduna (N1,687.50), Ebonyi (N1,690.00) and Ekiti (N1,795.00).

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“States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas Gas (Cooking Gas) were Benue (N5,150.00), Kaduna (N4,935.00) and Cross River (N4,687.50), while states with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Oyo (N3,940.38), Ogun (N3,866.67) and Lagos (N3,683.33),” the report added.

Recall that Nigeria on Monday signed a regional gas pipeline agreement with the Kingdom of Morocco as President Muhammadu Buhari paid a two-day official visit to the country.

The Nigeria Morocco Gas Pipeline (NMGP) agreement is expected help Nigeria boost local production of liquefied petroleum gas which may in turn reduce the price of the product in the country.

 

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