01 February 2019, Sweetcrude, Lagos — The average price for the refilling of the 5-kilogramme cylinder of the Liquefied Natural Gas, LPG, also known as cooking gas, was down by 1.53 percent in December 2018, the National Bureau of Statistics, NBS, reports.
But, the price of the 12-kilogramme cylinder was up 2.12 percent, NBS also said.
According to the bureau, the price for the refilling of a 5-kilogramme cylinder of the LPG decreased by 1.53 percent month-on-month and 9.84 percent year-on-year to N2,052.79 in December 2018, from N2,084.74 in November 2018.
States with the highest average price were Bauchi and Borno at N2,500, Katsina (N2,357.14) and Anambra (N2,330.77).
States with the lowest average price were Enugu (N1,748.46), Gombe (N1,733.33) and Ondo (N1,731.25).
The bureau also reported that the average price for the refilling of the 12.5-kilogramme cylinder increased by 2.12 percent month-on-month and 1.63 percent year-on-year to N4,332.06 in December 2018, from N4,242.26 in November 2018.
States with the highest average price were Cross River (N4,846.15), Akwa Ibom and Delta (N4,766.67) and Abia (N4,742.86). On the other hand, states with the lowest average price were Lagos, (N3,922.22), Oyo (N3,900.00) and Ogun (N3,862.50).
In a statement recently, the Nigerian National Petroleum Corporation, NNPC, announced plan to bring down the price of the LPG in the country. It said it would implement effective commercial framework that would halt the export of propane and butane, major components in the production of the LPG or cooking gas.
The corporation explained that the stoppage of the export of the products, which is anchored by its Crude Oil Marketing Division, would enable it boost supply of LPG to the domestic market thereby leading to a natural downward slide in the price of the product.