OSBC Osun State Broadcasting Corporation
The average price of 5kg cooking gas increased from N4,474.48 in September to N4,483.75 in October, representing a 0.21% rise.
This was disclosed by the National Bureau of Statistics (NBS) in its ‘Cooking Gas Price Watch’ for October 2022 released on Monday in Abuja.
On a year-on-year basis, the increase was 70.62 per cent from N2,627.94 in October 2021 to N4,483.75 in October 2022, the NBS stated.
On state profile analysis, the report shows that Kwara recorded the highest average price at N4,955 for 5kg of cooking gas, followed by Niger at N4,950 and Adamawa at N4,940.29.
The report states that Abia recorded the lowest price at N4,045.45, followed by Kano and Delta at N4,100 and N4,139.29, respectively.
Analyses by geo-political zones show that the North-Central recorded the highest average retail price at N4,726.07 for 5kg cooking gas, followed by the North-East at N4,577.86.
