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Cooking gas price rises by 69% in one year
Cooking gas price rises by 69% in one year
The price of 12.5kg of liquefied petroleum gas (LPG), better known as cooking gas, increased by 69.15 per cent in one year.
The National Bureau of Statistics (NBS) disclosed this in its latest LPG price watch report for August 2024.
It specifically said Nigerians paid an average price of N15,552.56 for a 12.5kg cylinder of cooking gas in the month under review — compared to the N9,194.41 in August 2023.
According to the report, the average price for refilling a 12.5kg of cooking gas increased from N14,261.57 in July to N15,552.56 in August — representing a 9.05 per cent month-on-month uptick.
“On a year-on-year basis, this rose by 69.15% from N9,194.41 in August 2023,” the bureau said.
Thr data body said Rivers State recorded the highest average retail price for refilling a 12.5kg cooking gas cylinder at N17,086.36, followed by Cross River (N17,050) and Abia (N17,012.52).
“Conversely, the lowest average price was recorded in Bauchi with N13,425.00, followed by Nasarawa and Adamawa with N13,640.94 and N13,725.00 respectively,” NBS added.
It also said, “Analysis by zone showed that the South-South recorded the highest average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) with N16,524.00, followed by the South-East with N16,495.78 while the North-Central recorded the lowest price with N14,767.41.”
Average retail price
The NBS also said the average retail price of a 5kg cylinder of LPG rose by 7.62 per cent on a month-on-month basis — up from N5,974.55 recorded in July 2024 to N6,430.02 in August.
“On a year-on-year basis, this increased by 56.25% from N4,115.32 in August 2023. On state profile analysis, Benue and Sokoto recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,000.00, followed by Rivers with N6,954.55, and Borno with N6,914.29,” the NBS added.
On the other hand, the bureau said the lowest price of N5,600.67 was seen in Taraba, followed by Abuja and Kogi recording N5,825 and N5,857.56 respectively.
Uncategorized
BREAKING: Adeleke finally pardons ‘fowl thief’ Segun Olowookere
BREAKING: Adeleke Finally Pardons ‘Fowl Thief’ Segun Olowookere
Governor Ademola Adeleke of Osun State has granted the prerogative of mercy to Segun Olowookere, a young man convicted of armed robbery and sentenced to death by an Ogun State High Court in 2014.
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Olowookere was pardoned alongside Sunday Morakinyo and 51 others convicted of simple and serious offences on Thursday.
Uncategorized
Lagos-Calabar coastal road: Train track work begins 2025, says minister
Lagos-Calabar coastal road: Train track work begins 2025, says minister
The Federal Government plans to begin constructing train tracks on Section I of the Lagos-Calabar Coastal Highway in 2025.
The Minister of Works, David Umahi, made this announcement during an inspection of Sections I and II of the project, which are located within Lagos and being handled by Hitech Construction Company Ltd, on Friday, December 20, 2024.
The details of the announcement were published in a statement on the ministry’s official website on Saturday.
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“The President has given very serious attention to road infrastructure. Don’t forget that this Coastal Highway and, of course, the four Legacy Projects all have the train track incorporated. The construction of the train track for this section I is going to take off in 2025,” Umahi stated.
The Works Minister outlined plans to enhance the Lagos-Calabar Highway in Sections I and II of Phase 1, including solar-powered CCTV cameras, lay-bys every 5-15 kilometers, and security posts for improved safety and monitoring.
He announced that 20 kilometers of Section 1 are scheduled for commissioning by May 2025. The Federal Controller of Works, Engr. Olukorede Kashia, noted challenges such as large refuse dumps and unsuitable soil conditions requiring extensive remediation during the project.
Lagos-Calabar coastal road: Train track work begins 2025, says minister
Entertainment
Copyright: Court orders Adele’s song removed from platforms
Copyright: Court orders Adele’s song removed from platforms
A Brazilian court has ordered the removal of Adele’s 2015 song Million Years Ago from radio and streaming platforms worldwide following a copyright lawsuit filed by local composer Toninho Geraes.
The ruling, delivered by Judge Victor Torres, comes after Geraes accused the British singer of copying his 1996 classic Mulheres, originally performed by Brazilian artist Martinho da Vila.
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Geraes claims the track from Adele’s album 25 closely mirrors his 1995 composition, demanding recognition and compensation for the alleged infringement.
In the lawsuit, Geraes is seeking $160,000 in moral damages, lost royalties, and a songwriting credit on Adele’s track.
The court has also imposed a fine of $8,000 per act of non-compliance on the Brazilian subsidiaries of Sony Music and Universal Music Group.
Copyright: Court orders Adele’s song removed from platforms
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