Gas Price Rises By 122%, Household Incomes Shrink.

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Amid the Federal Government’s N250bn intervention funds on the National Gas Expansion Plan; which intends to deepen usage across the country, data from the Nigerian Bureau of Statistics said on a year-on-year basis. Price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas, increased by 122 per cent from N4,422 in July 2021.

The Bureau’s latest report said on a state profile analysis, Ebonyi recorded the highest average retail price; for the refilling of a 12.5kg cylinder with N11,212, followed by Delta with N10,926 and Ekiti with N10,883.

Conversely, the lowest average price was recorded in Katsina with N8,355. Followed by Yobe and Kano with N8,383 and N8,614 respectively.

Analysis by zone showed that the South-West recorded the highest average retail price with N10,334, followed by the South -South with N10,239, while the North-East recorded the lowest price with N9,139.

According to Group Chief Executive Officer, the Nigerian National Petroleum Corporation, Mele Kyari, more than 70 per cent of the over 200 million Nigerian population lacked access to clean cooking fuels.

Punch.

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