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Price of Cooking Gas Rises by 61%

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From N6,165 in September 2021 to N9,906 in September 2022, the cost of 12.5kg of cooking gas increased by 61%.

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In its report on Liquefied Petroleum Gas (Cooking Gas) Price Watch for September 2022, the National Bureau of Statistics revealed this.

According to the bureau’s examination of state profiles, Cross River had the highest average retail price for the commodity at N10,937, followed by Kogi and Oyo at N10,760 and N10,724, respectively.

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On the other hand, Yobe had the lowest average price, N8,350, followed by Katsina and Taraba, N8,545 and N9,026 respectively.

After breaking down prices by zone, it was discovered that the South-West charged the highest average retail price of N10,320 to refill a 12.5kg cylinder, followed by the South-South at N10,202, and the North-East at N9,300.

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The Nigerian Association of Liquefied Petroleum Gas Marketers advised Nigerians against panic buying in light of the recent force majeure declaration by the Nigeria Liquefied Natural Gas Limited and the rising price of gas.

Oladapo Olatunbosun, the organization’s president, made the appeal in a statement in response to NLNG’s declaration of force majeure on its gas facilities due to flooding.

Olatunbosun advised people not to become alarmed about a potential product shortage brought on by the force majeure.

According to information that has reached the association, the NLNG has not, as had been reported, shut down its Bonny production facility.

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