Liquefied Petroleum Gas (Cooking Gas) Price Watch (November 2021)

Executive Summary

The average price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) by consumers in November 2021 was N7,308.06, an increase of 10.09 percent on a month-on-month basis from a lower cost of N6,638.27 in the preceding month of October 2021. On a year-on-year basis, the average price of the product increased by 78.99 percent from N4,082.97 in November 2020 to N7,308.06 in November 2021.
Looking at the state distribution of prices, the top three States with the highest prices in November 2021 were Ondo, Oyo and Osun with N8,721.43, N8,648.33 and N8,431.25 respectively. Conversely, the lowest average prices were recorded in Borno State, Yobe State and Nasarawa State with N5,413.33, N6,300.00 and N6,390.63 respectively.
In terms of Zonal variations of prices, the highest price was in the South-West at N8,023.55, followed by the North-West and North-Central recorded at N7,427.12 and N7,361.00 respectively. The North-East Zone had the lowest price of the product at N6,647.22 compared to other Zones.

Data source: National Bureau of Statistics