PRICE OF DOMESTIC GAS INCREASES MARGINALLY IN AUGUST

– NBS

T

he National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (LPG) used domestically for cooking increased to N2,005.14 in August from N2,001.45 recorded in July.

The NBS disclosed this in its August 2018 “Liquefied Petroleum Gas (Cooking Gas) Price Watch” released recently. According to the report, the price increased by 2.17 per cent month-on-month and 3.19 per cent year-on-year in the period under review.

The Bureau revealed that the average price for refilling a 12.5kg cylinder for cooking gas increased in August to N4, 366.48 from N4, 244.35 in July. It said the price increased by 2.17 per cent month-on-month and 3.19 per cent year-on-year in the period under review.

However, stakeholders in the oil and gas industry, have shown concern about the low awareness of LPG in the country. They advocated for more public awareness across Nigeria.

LPG is advantageous on several grounds ranging from health and clean environment through the use of proper energy. The danger could be avoided and managed as well, contrary to fears associated with gas, which is believed to cause colossal damage especially when it is used for domestic purpose.