… As Average Petrol Price in September stood at N191.65 per litre ***
The National Bureau of Statistics (NBS) on Saturday highlighted that the average price of 5kg of cooking gas increased from N4,456.56 in August to N4,474.48 in September.
The NBS indicated this in its “Cooking Gas Price Watch’’ for September 2022 released in Abuja, noting that the September price was a 0.40 per cent increase over what was obtained in August.
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“On a year-on-year basis, the September 2022 price of N4,474.48 for 5Kg of gas was an 86.62 per cent increase over the price of N2,397.60 obtainable for the same volume in September 2021, it stated.
On state profile analyses, the report stated that Kwara recorded the highest average price of N4,950 for 5kg of cooking gas, followed by Niger at N4,941.67, and Adamawa at N4,928.29.
It added that Abia recorded the lowest price at N4,044.44, followed by Anambra and Kano State at N4,100.00 and N4,109.67, respectively.
Analyses by geopolitical zones showed that the North-Central recorded the highest average retail price of N4,715.74, for 5kg cooking gas, followed by the Northeast at N4,539.41.
“The South-South recorded the lowest retail price at N4,317.92, the NBS stated.
It also reported that the average retail price for refilling a 12.5kg cooking gas cylinder increased from N9,899.34 in August 2022 to N9,906.44 in September, indicating a 0.07 per cent increase on a month-on-month basis.
On a year-on-year basis, the price rose by 60.69 per cent from N6,164.97 in September 2021 to the corresponding period in September 2022.
On state analyses, the report indicated that Cross River recorded the highest average retail price for 12.5kg cooking gas at N10,937.50, followed by Kogi at N10,760 and Oyo at N10,723.75.
The lowest average price was recorded in Yobe at N8,350, followed by Katsina and Taraba at N8,545.56 and N9,025.78, respectively, the NBS stated.
Similarly, kerosene price rose to N947.30 per litre in September, showing a 17.2 per cent increase over the N809.52 for which it was sold in August 2022.
According to its “National Kerosene Price Watch’’, on a year-on-year basis, average retail price per litre rose by 118.08 per cent from N434.39 recorded in September 2021 to N947.30 in September 2022.
Further analysis showed that the highest average price per litre of kerosene in September 2022 was recorded in Enugu State at N1,272.50, followed by Ebonyi at N1,263.89 and Cross River at N1,187.50.
The report showed that the lowest price was recorded in Rivers at N686.27, followed by Bayelsa at N715.15 and Nasarawa at N735.29.
Analysis by zone showed that the Southeast recorded the highest average retail price per litre of kerosene at N1,128.28, followed by the Southwest at N1,068.18.
“The Northwest recorded the lowest average retail price at N868.89 per litre of kerosene,’’ the NBS stated.
It added that the average retail price per gallon of kerosene in September 2022 was N3,236.27, showing an increase of 9.79 per cent over the N2,947.65 recorded in August.
According to the report, on a year-on-year basis, the price increased by 110.04 per cent from N1,540.82 recorded in September 2021 to N3,236.27 that was recorded in September 2022.
Analyses by states showed that Abuja recorded the highest price per gallon of kerosene at N4,200.00, followed by Abia at N4,078.57 and Enugu State at N4,052.38.
The NBS stated that Borno recorded the lowest price at N2,500 followed by Zamfara and Delta with N2,555.56 and N2,576.92, respectively.
It added that analyses by zone showed that the Southeast recorded the highest average retail price per gallon of kerosene at N3,607.38 followed by the Southwest at N3,468.42
It stated also that the Northeast recorded the lowest price of N2,803.96 for a gallon of kerosene in September 2022.

In the same vein, in a related development, the NBS also observed that Consumers paid N191.65 for a litre of petrol in September on the average.
It stated in its “Premium Motor Spirit (Petrol)’’ Price Watch for September 2022 that the average price was a 16.26 per cent increase over the N164.85 paid in September 2021.
“Comparing the average price value with the previous month of August 2022, the average retail price increased by 1.15 per cent from N189.46.
The NBS stated that on states profile analyses, Kano State paid the highest average retail price for petrol at N207.50 in September, followed by Jigawa at N205.62 and Bayelsa at N204.27.
Conversely, consumers in Delta paid lowest average retail price of N179.74 per litre of petrol in September, followed by Edo at N183.17 and Borno at N184.50.
Analyses by zone showed that the Northwest recorded the highest average retail price in September at N197.51, while the Northeast recorded the lowest at N186.52.
The NBS also stated in its “Diesel Price Watch’’ for September 2022 that the average retail price paid for a litre was N789.90.
It added that the September 2022 price amounted to a 210.20 per cent increase from the N254.64 per litre recorded in September 2021.
On a month-on-month basis, the September 2022 price showed an increase of 0.38 per cent from the N786.88 per litre reported in August 2022.
On state profile analyses, the report said the highest average price of diesel in September 2022 was recorded in Ondo State at N859.23, followed by Ebonyi at N849 and Niger at N841.67.
Conversely, the lowest price was recorded in Katsina State at N710 per litre of diesel, followed by Yobe at N725 and Bayelsa at N726.67.
The NBS added that analysis by zone showed that the North-Central recorded had the highest price at N811.24 per litre of diesel, while the South-South recorded the lowest price at N762.74 per litre.