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

Executive Summary

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 4.19% on a month-on-month basis from N6,430.02 recorded in August 2024 to N6,699.63 in September 2024. On a year-on year basis, this increased by 59.90% from N4,189.96 in September 2023. On state profile analysis, Rivers recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,285.71, followed by Gombe with N7,271.88, and Borno with N7,089.72. On the other hand, Kebbi recorded the lowest price with N5,950.00, followed by Kano and Benue with N6,133.33 and N6,143.52 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 N6,929.02, followed by the South-East with N6,893.47 while the North-West rec orded the lowest with N6,382.30.
Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 4.89% on a month-on-month basis from N15,552.56 in August 2024 to N16,313.43 in September 2024. On a year-on-year basis, this rose by 76.41% from N9,247.40 in September 2023. On state profile analysis, Rivers recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N17,992.86 followed by Gombe with N17,942.86 and Zamfara with N17,475.00.
Conversely, the lowest average price was recorded in Adamawa with N13,983.33, followed by Nassarawa and Bauchi with N14,938.50 and N15,000.00 respectively. Analysis by zone showed that the South-East recorded the highest average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N16,957.29, followed by the South-West with N16,665.45 while the North-East recorded the lowest price with N15,770.75.

Data source: National Bureau of Statistics

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