Shocked As NBS Announced New PRICE Of Cooking Gas, See The New Price Per KG
Cooking gas, an essential commodity in many Nigerian households, has seen a startling surge in prices, according to the latest report by the National Bureau of Statistics (NBS). Brace yourselves as we delve into the alarming figures and dissect the implications of this unprecedented hike.
In a revelation that has sent shockwaves. across the nation, the NBS report divulges a staggering 3. 55% increase in the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, between December 2023 and January 2024. This spike has propelled the price to a jaw-dropping N5, 139. 25, leaving consumers grappling with the burden of Inflated costs.
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Delving deeper into the data, the report unveils a troubling trend of escalating prices on a year-on-year basis, with a daunting 12. 00% surge recorded compared to January 2023. Nasarawa State emerges as the epicenter of this crisis, bearing the brunt with the highest average price of N5, 790. 00 for refilling a 5kg cylinder, closely followed by Jigawa. and Gombe.
However, amidst this gloomy scenario, glimmers of hope emerge as Kaduna showcases a ray of respite with the lowest price recorded at N4, 150.00, trailed by Ogun and Osun. Nevertheless, the disparities in prices among states highlight the complexities underlying the distribution and accessibility of this essential commodity.
Zooming out to a regional perspective, the NBS report paints a stark picture of regional disparities, with the Northeast emerging as the hotspot for exorbitant prices, followed closely by the North- Central. In stark contrast, the South- West basks in the relative affordability of cooking gas, offering a sliver of relief
amid the nationwide turmoil.
But the woes don’t end there. The report further unravels the grim reality of surging prices for replenishing a 12. 5kg gas cylinder, with a notable 1. 96% monthly surge catapulting the average cost to N11, 735. 72 in January 2024. This distressing escalation, compounded by a 14. 19% year-on-year increase, paints a dire picture of the mounting financial strain on households across the country.
Peering into the state-wise analysis for
refilling a 12. 5kg cylinder, Cross River
emerges as the unfortunate frontrunner in bearing the brunt of exorbitant prices, closely trailed by Jigawa and Zamfara. In stark contrast, Kaduna emerges as a beacon of affordability, offering a glimmer of hope amidst the sea of escalating costs,
Zooming out to a broader regional lens, the disparities persist, with the South- South recording the highest average retail price, closely trailed by the North- West. Meanwhile, the South-West once again emerges as a haven of relative affordability, providing a semblance of relief amid the nationwide turmoil. In conclusion, the soaring prices of
cooking gas in Nigeria pose a formidable
challenge, exacerbating the financial strain on households already grappling with economic uncertainties. As consumers navigate this turbulent landscape, policymakers face an urgent imperative to address the underlying factors driving these exorbitant prices and implement targeted interventions to
alleviate the burden on the populace.
But this is not just a story; It’s a call to
action. As we grapple with the
repercussions of this crisis, it’s imperative for stakeholders across sectors to come together and chart a path towards sustainable solutions. So, dear readers, the ball is in your court. What are your thoughts on this unfolding crisis? How has it impacted you and your community? Share your experiences, insights, and suggestions in the comments below. Let’s spark a dialogue, ignite change, and stand united in the face of adversity. Like, comment, and share to amplify the conversation and drive collective action. Together, we can turn the tide and forge a brighter future for all.
NEWS SOURCE
NaijaNews
