Cooking Gas: Osun, Oyo, Ondo pay lowest price to refill in February – NBS

Residents of Osun, Oyo, Ondo paid lowest price to refill a 5 kilogramme (5 kg) of cooking gas than their counterparts around the country in February, National Bureau of Statistics (NBS) said in a report.

The comparison is based on the latest“ Liquefied Petroleum Gas (Cooking Gas) Price Watch for February’’ released by the bureau in Abuja on Thursday.

The report stated that residents in the states – Osun, Oyo and Ondo – refilled 5kg cylinder for cooking gas for N2, 393.75, N2, 376.47, and N2, 372.73 respectively.

It stated that states with the highest average price for the refilling of a 5kg were Edo with N3,030.00; Abia, Akwa Ibom, Bayelsa, Cross River, Zamfara, Rivers and Kebbi with N3,000 and Delta 2,984.62.

According to the report, the average price for the refilling of 5kg cylinder for gas increased by 5.48 per cent in the month under review.

The report stated that the gas increased by 5. 48 per cent month-on-month and 45.59 per cent year-on-year to N2,708. 38 in February from N2,567.56 in January.

Similarly, the report stated that average price for the refilling of a 12.5kg cylinder decreased by 2.95 per cent month-on-month and 45.49 per cent year-on-year to N5,345.87 in February from N5,508.16 in January.

According to the report, the highest average price for the refilling of a 12.5kg cylinder are Akwa Ibom, Cross River, Edo, Kebbi, Rivers Yobe (N6,000.00), Delta (N5,923.08) and Borno (N5,833.33).

“States with the lowest average price for the refilling of a 12.5kg cylinder were Lagos (N4,797.22), Ogun (N4,777.28) and Oyo (N4,322.22).’’

Meanwhile, in a latest Premium Motor Spirit (Petrol) Price Watch for February also released by NBS, the average price paid by consumers for petrol increased by 50 per cent.

The report stated that petrol increased by 50 per cent year-on-year and 0.7 per cent month-on-month to N149.8 February from N148.7 in January.

It stated that Yobe, Sokoto and Taraba sold the product higher than the official pump price of N145 per litre.

“States with the highest average price of petrol were Yobe, which sold it for N177; Sokoto sold for N162.1 while Taraba sold for N161.7.

“States with the lowest average price for the product were Lagos State, which sold it for N144.9; Delta, N144.8 and Osun sold for N144.7.’’

Newsverge reports that fuel prices were collected across all the 774 local government areas and the FCT.

The prices were collected from over 10,000 respondents and locations and reflect actual prices households stated they actually bought those fuels together with the prices reportedly sold by the fuel suppliers.

The average of all these prices is then reported for each state and the average for the country is the average for the state.