Prices of kerosene and cooking gasoline make issues worse for households

Nigerians are presently coping with what could also be described as an existential dilemma as they need to not solely deal with rising meals costs but in addition rising cooking prices.

The typical retail worth of liquefied petroleum gasoline, often known as cooking gasoline, elevated by 89.28 p.c from N2,071.69 in Could 2021 to N3921.35 in Could 2022, in response to information from the Nationwide Bureau of Statistics (NBS) and the Nationwide Family Kerosene Worth Look ahead to Could 2022, each of which had been launched yesterday.

In accordance with the NBS, the retail worth of kerosene elevated by 86.94% from N363.50 in Could 2021 to N679.54 in Could 2022.

Cooking gasoline costs elevated month over month from N3800.47 in April 2022 to NN3921.35, whereas kerosene costs elevated from N589.82 in April 2022 to N679.54 in Could 2022.

In accordance with the NBS information, Gombe had the very best common price for refilling a 5kg cylinder of liquefied petroleum gasoline (cooking gasoline), at N4366.67, adopted by Bayelsa and Adamawa, each at N4325.00 and N4250.00.

In accordance with the survey, Yobe, with a median worth of N3200.00, had the bottom common worth; Ogun and Ondo, with common costs of N3450.00 and N3480.77, respectively, had been subsequent.

The typical retail price to refill a 5kg cylinder of liquefied petroleum gasoline (cooking gasoline) was additionally damaged down by zone, and it was discovered that the South-East had the very best common retail price at N 4094.39, adopted by the North-Central and South-South at N 3989.98 and N 3977.72, respectively. The South West had the bottom common retail price at N 3719.53.

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The typical price to refill a 12.5 kg cylinder of liquefied petroleum gasoline (cooking gasoline) grew by 6.88 p.c month-over-month to N8726.30 in Could 2022 from N8164.37 in April 2022.

In an identical vein, from N4288.95 in Could 2021, the typical retail worth for refueling a 12.5kg cooking gasoline grew by 103.46 p.c on an annual foundation.

In accordance with the state profile research for kerosene, Enugu had the very best common worth per litre in Could 2022 with N868.75, adopted by Ebonyi and Imo with N861.11 and N801.67, respectively. Contrarily, Bayelsa reported the bottom worth at N558.06, adopted by Yobe at N601.39 and Nasarawa at N603.33.

In accordance with the analysis, the South-East had the very best common retail worth per liter of house kerosene at N773.09, adopted by the South-West and the North-Central at N738.19 and N668.78, respectively, whereas the North-East had the bottom common retail worth at N632.06.

Shoppers paid a median retail worth per gallon of family kerosene of N2,136.52 in April 2022 and N2,358.30 in Could 2022, a rise of 10.38 p.c month over month.

This grew from N1,266.99 in Could 2021 by 86.13 p.c on an annual foundation. In accordance with a research of state profiles, Abuja had the very best common retail worth in Nigeria at N3,050.00, adopted by Osun and Ogun at N2,914.29 and N2,795.00, respectively.

Whereas Gombe and Kebbi got here in second and third, with costs of N1,995.00 and N2,025.00, respectively, Kogi had the bottom worth at N1,920.00.

 

Evaluation by zone revealed that the North-East had the bottom common retail worth for a gallon of family kerosene at N2,126.90, adopted by the South-West and the North-West with N2,548.07 and N2,390.86 respectively.

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