CEM REPORT, ENERGY | The impact of the weakening naira against dollar has continued to bite hard on livelihood of Nigerians as prices of cooking gas and kerosine both hit record high this week.
According to market report reaching CEM Friday, within Lagos metropolis, it presently cost N13,200 to fill 12kg cylinder with cooking gas at the gas station while it is N14,400 at gas shops. This translates to 1,100 per kilogram at gas station and at N1,200 at gas shops. This is an increment of 41.18% within 2 weeks from N850 at gas station and N900 at gas shops.
In the same vein, kerosine now sells for between N900 to N950 per liter at the filling stations, an increment of about 26% from N750 per liter it sold 2 weeks ago.
According to National Bureau of Statistics (NBS)’s Liquefied Petroleum Gas (Cooking Gas) and National Household Kerosene Price Watch for September 2023, the average retail price for refilling a 5kg Cylinder of cooking gas increased by 1.81 per cent on a month-on-month basis from N4,115.32 recorded in August 2023 to N4,189.96 in September 2023, while the price per litre of kerosene in same period was N1,299.03, an increase of 2.09 per cent compared to N1,272.40 recorded in August 2023.
On States, Kwara recorded the highest average price for refilling a 5kg cylinder of cooking gas with N4, 866.60, followed by Benue with N4, 789.26, and Adamawa with N4, 785.71.
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On the reverse, Ondo State recorded the lowest price with N3, 364.62, followed by Ekiti and Edo with N3, 450.06 and N3, 626.17 respectively.
Still on States, the highest average price per litre of kerosine in September 2023 was recorded in Adamawa with N1, 746.05, followed by Cross-River with N1, 541.67 and Abuja with N1,492.50.
On the reverse, the lowest price was recorded in Jigawa with N1, 104.78, followed by Enugu with N1, 134.52 and Kano with N1, 142.27.
