Report shows Nigerians are spending less on cooking gas

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The National Bureau of Statistics on Monday revealed that Nigerians spent ₦2,155.97 and ₦4,333.27 on the average each time they refilled 5kg and 12.5kg cylinders of liquefied cooking gas in February.

According to the report published on the agency’s website, the ₦2,155.97 average cost for a 5kg cylinder of gas is a 1.59% decrease compared to what obtained in January 2018, and 20.40% decrease compared to the cost of refilling the same size of the cylinder in the February of 2017.

There were, however, some exceptions, with Borno, Yobe and Anambra among states with the highest cost of refilling the same 5kg cylinder of liquefied gas; ₦2,500.00, ₦2,500.00 and ₦2,364.29 respectively.

In the same vein, residents of Abuja (FCT), Ebonyi and Ekiti states spent the lowest average price for the refilling of their 5kg cylinders in February at ₦1,820.00, ₦1,860.00 and ₦1,950.00 respectively.

Meanwhile, the average cost of refilling a 12.5kg cylinder of liquefied gas which stood at ₦4,333.27 in February marked a 0.12% month-on-month increase compared to the ₦4, 327.89 spent by consumers for the same quantity of gas in January. There was, however, an 18.94% decrease in price compared to what obtained in February 2017.