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

Executive Summary

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) decreased by 6.10% on a month-on-month basis from N7,418.45 recorded in May 2024 to N6,966.03 in June 2024. On a year-on-year basis, this increased by 71.23% from N4,068.26 in June 2023. On state profile analysis, Osun recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,800.00, followed by Edo with N7,750.00, and Ebonyi with N7,590.79. On the other hand, Yobe recorded the lowest price with N6,062.50, fol lowed by Jigawa and Anambra with N6,144.44 and N6,338.75 respectively. In addition, analysis by zone showed that the South-West recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,241.67, followed by the North-Central with N7,096.51 while the North-West recorded the lowest with N6,660.20.
Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 0.70% on a month-on-month basis from N15,627.40 in May 2024 to N15,736.27 in June 2024. On a year-on-year basis, this rose by 72.49% from N9,123.25 in June 2023. On state profile analysis, Cross River recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N16,888.89, followed by Kaduna with N16,754.69 and Abia with N16,708.33.
Conversely, the lowest average price was recorded in Bauchi with N13,450.00, followed by Taraba and Kogi with N13,950.00 and N14,455.38 respectively. Analysis by zone showed that the South-South recorded the highest average retail price for refilling a 12.5kg Cylinder of Lique f ied Petroleum Gas (Cooking Gas) with N16,272.94, followed by the South-East with N15,925.96 while the North East recorded the lowest price with N15,104.26. 

Data source: National Bureau of Statistics

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