Executive Summary
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) decreased by 14.23% on a month-on-month basis from N6,966.03 recorded in June 2024 to N5,974.55 in July 2024. On a year-on-year ba sis, this increased by 46.69% from N4,072.87 in July 2023. On state profile analysis, Borno recorded the highest av erage price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,088.59, followed by Yobe with N6,935.50, and Sokoto with N6,750.00. On the other hand, Delta recorded the lowest price with N5,392.86, followed by Zamfara and Kogi with N5,431.25 and N5,560.63 respectively. In addition, analysis by zone showed that the North-East recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N6,446.53, followed by the North-Central with N6,042.33 while the South South recorded the lowest with N5,654.04. Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) decreased by 9.37% on a month-on-month basis from N15,736.27 in June 2024 to N14,261.57 in July 2024. On a year-on-year ba sis, this rose by 55.66% from N9,162.11 in July 2023. On state profile analysis, Gombe recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N15,872.22, followed by Yobe with N15,823.32 and Taraba with N15,625.00.
Conversely, the lowest average price was recorded in Bauchi with N13,314.47, followed by Enugu and Nassarawa with N13,411.39 and N13,413.81 respectively. Analysis by zone showed that the North-East recorded the highest average retail price for refilling a 12.5kg Cylinder of Liquefied Pe troleum Gas (Cooking Gas) with N15,075.16, followed by the North-West with N14,454.86 while the North-Central recorded the lowest price with N13,611.68.
Data source: National Bureau of Statistics
INFOGRAPHICS
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