Price of 12.5kg cooking gas increased to N15k in August- NBS

The price of cooking gas has increased drastically.
 The Nigerian Bureau of Statistics disclosed in its latest LPG (cooking gas) price watch report for August 2024, that   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 percent month-on-month rise. 

The NBS,On state profile analysis, showed, Rivers 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).
 While the the lowest average price was recorded in Bauchi with N13,425.00, followed by Nassarawa and Adamawa with N13,640.94 and N13,725.00 respectively. 

The 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. 

The NBS also said the average retail price of a 5kg cylinder of LPG rose by 7.62 percent 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" the NBS said.