Liquefied Petroleum Gas (Cooking Gas) Price Watch (March 2024)

Executive Summary

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 7.10% on a month-on-month basis from N6,154.50 recorded in February 2024 to N6,591.62 in March 2024. On a year-on-year basis, this increased by 42.97% from N4,610.48 in March 2023. On state profile analysis, Kano recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,609.00, followed by Ogun with N7,363.64, and Akwa Ibom with N7,162.50. On the other hand, Adamawa recorded the lowest price with N5,312.50, followed by Taraba and Zamfara with N5,375.00 and N5,550.00 respectively.
In addition, analysis by zone showed that the South-South recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,003.08, followed by the South-West with N6,723.22 while the North-East recorded the lowest with N6,221.30. Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 5.77% on a month-on-month basis from N15,060.38 in February 2024 to N15,929.04 in March 2024. On a year-on-year basis, this rose by 55.22% from N10,262.56 in March 2023.
On state profile analysis, Sokoto recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N17,833.33, followed by Osun with N17,588.46 and Anambra with N17,417.65. Conversely, the lowest average price was recorded in Katsina with N12,400.00, followed by Kebbi and Bauchi with N13,137.50 and N14,484.25 respectively.
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 N16,859.85, followed by the South-East with N16,734.87, while the North-East recorded the lowest price with N14,943.48. 

Data source: National Bureau of Statistics

INFOGRAPHICS