The average price of a 12.5kg bottle of Liquefied Petroleum Gas (Cooking Gas) increased by 55.22% to N15,929.04 in March from N10,262.56 in the same month last year.
This was revealed in the Office for National Statistics’ latest Cooking Gas Price Outlook for March.
In March 2024, edible oil prices increased by 5.77% compared to the previous quarter, reaching 15,929.04 yuan, compared to 15,060.38 yuan in February.
According to government statistics, Sokoto recorded the highest average retail price for refilling a 12.5kg LPG (cooking gas) cylinder at N17,833.33, followed by Osun at N17,588.46 and Anambra at N17,417.65.
In contrast, Katsina has the lowest rate at N12,400.00, followed by Kebbi and Bauchi at N13,137.50 and N14,484.25 respectively.
A regional analysis shows that the South-South region has the highest retail price for a 12.5kg bottle of LPG (cooking gas) at N16,859.85, followed by the South region – East at N16,734.87 . In comparison, the North East region has the lowest rate at N14,943.48.
Growth through inflation in Nigeria.
The National Bureau of Statistics plans to publish economic data for April next week.
Meanwhile, the country’s total price and food consumption increased to 33.20% and 40.01%, respectively, as of March 2024.
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