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

Must Read


No doubt, startups can be very exciting, but the challenge of raising capital for it to get some footing...

Excitement as Ekiti Returns Christ’s School to Anglican Church

Ekiti State Government on Monday returned Christ School, Ado- Ekiti to its original owner- the Anglican Communion, in fulfilment...

Ekiti To Get $500 Million World Bank Project As Fayemi Allocates N18 Million To 19 Communities

Ekiti State Governor, Dr Kayode Fayemi, on Tuesday declared that the World Bank would shortly begin on some legacy projects...
- Advertisement -
- Advertisement -

Residents of Osun, Oyo, Ondo states paid the 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.

Image result for cooking gas NIGERIA

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 percent in the month under review.

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

Read:  GTBank Holds 9th Annual Autism Conference July 30th - 31st

Similarly, the report stated that average price for the refilling of a 12.5kg cylinder decreased by 2.95 percent month-on-month and 45.49 percent 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).’’

Read:  Kia Upgrades Service Centre, Offers Free Vehicle Health Check to Customers

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.

Read:  See Nigerian States Where Residents Paid Lowest Bus Fare In March

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.’’

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.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Datasonic Group Endorse JV Agreement To Explore Business Opportunities In Nigeria

Datasonic Group Bhd has teamed up with a Nigerian firm to study business opportunities in the West African nation...

Enhancing The Contribution Of Innovation, Youth And Leadership In Africa And The African Diaspora

“Young people – with their dynamism, their energy and their inherent understanding of our interconnected world – have much to teach us... I am...

16 Coaches From Africa Shortlisted As “Future Stars” By Arsenal And WorldRemit

Today, WorldRemit announces that 16 applicants from Africa have been shortlisted for its Future Stars programme. Of these 16 coaches, eight are women.WorldRemit and...

Design Fashion Africa Set To Prove That Nigerian Fashion Is Just As Viable As Her Music

2019 has been an amazing year for Nigerian artistes. It’s the year that afrobeat — a hugely popular African sound with its roots from Nigeria —...

More Articles Like This