Price of cooking gas decreased in January - NBS
Business & Economy section is provided to you by Jiji.ng — #1 Nigerian online marketplace
Visit website

Price of cooking gas decreased in January - NBS

- The NBS has released “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for January, 2019

- The data from the report shows that price of cooking gas decreased from N2,052.79 in December 2018 to N2,039.82 in January

- The NBS also released the Automotive Gas Oil (Diesel) Price Watch (January 2019) report

- The report showed that the price of diesel increased to N225.09 in January from N219.54 recorded in December 2018

The National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme(kg) cylinder for Liquefied Petroleum Gas (cooking gas) decreased from N2,052.79 in December 2018 to N2,039.82 in January.

The bureau disclosed this on its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for January, released on its website on Friday, February 15, in Abuja.

It said the price of refilling a five kg cylinder of cooking gas decreased by -0.63% month-on-month and -6.86% year-on-year in the period under review.

READ ALSO: Saraki mistakenly demands 90% Kwara votes for President Buhari (Video)

Price of cooking gas decreased in January - NBS

The data from the report shows that price of cooking gas decreased from N2,052.79 in December 2018 to N2,039.82 in January. Credit: NAN
Source: UGC

READ ALSO: Saraki mistakenly demands 90% Kwara votes for President Buhari (Video)

According to the bureau, states with the highest average price for the refilling of a five kg cylinder for cooking gas were: Bauchi (N2,540.00), Adamawa; Cross River (N2,350.00) and Borno (N2,325.00).

It said that states with the lowest average price for the refilling of a five kg cylinder for cooking gas: were Osun (N1,703.57), Ogun (N1,700.00) and Enugu (N1,672.22).

Similarly, the NBS said the average price for the refilling of a 12.5kg cylinder for cooking gas decreased from N4,332.06 in December 2018 to N4,277.86 in January.

It said the price decreased by -1.25% month-on-month and -1.16% year-on-year in the period under review.

“States with the highest average price for the refilling of a 12.5kg cylinder for cooking gas are Akwa Ibom (N4,850.00), Abia (N4,761.54) and Delta (N4,757.14).

“States with the lowest average price for the refilling of a 12.5kg cylinder for cooking gas are Oyo (N3,945.00), Lagos (N3,876.00) and Kano (N3,866.67)."

Meanwhile, the Automotive Gas Oil (Diesel) Price Watch (January 2019) report said the price of diesel increased to N225.09 in January from N219.54 recorded in December 2018.

Price of cooking gas decreased in January - NBS

The report showed that the price of diesel increased to N225.09 in January from N219.54 recorded in December 2018. Credit: NAN
Source: UGC

According to the bureau, the average price paid by consumers for diesel increased by 1.59% month-on-month and 5.27% year-on-year.

It named states with the highest average price of diesel to include Kwara (N249.00), Borno (N243.67) and Ebonyi (N239.29).

It said states with the lowest average price of diesel were Adamawa (N197.50), Rivers (N201.86) and Ekiti (N203.57).

According to the NBS, field work was done solely by over 700 of its staff, in all states of the federation, supported by supervisors who are monitored by internal and external observers.

It said the various prices were collected across all the 774 local governments across all States and the Federal Capital Territory, from over 10,000 respondents and locations.

PAY ATTENTION: Download our mobile app to enjoy the latest news update

Meanwhile, Legit.ng previously reported that the NBS said the total value of capital importation into Nigeria stood at 16.81 billion dollars in 2018 compared to 12.22 billion dollars capital imported in 2017.

The bureau said the figures represented 37.49% growth year-on-year.

The NBS disclosed this in Nigerian capital importation for fourth quarter and full year, 2018 report posted on its website.

It further said Nigeria recorded a decline in the total value of capital importation into the country in the fourth quarter, 2018 which stood at 2.14 billion dollars.

According to the report, the total capital value represents a decrease of 25.05% compared to third quarter, 2018 and 60.24% decrease compared to the fourth quarter of 2017.

NAIJ.com (naija.ng) -> Legit.ng: Same great journalism, upgraded for better service!

Minister of industry says economy is improving; Nigerians disagree | Legit TV

Source: Legit

Mailfire view pixel