NEWS
Cooking Gas Prices Soar: 5kg Cylinder Refill up by 19.75% In Febuary 2024
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum (Cooking Gas) increased by 19.75% on a month-on-month basis from N5,139.25 recorded in January 2023 to N6,154.50 in February 2024.
According to National Bureau of Statistics Liquefied Petroleum Gas Price watch February 2024, On a year-on-year basis, this increased by 33.78% from N4,600.57 in February 2023.
“Lagos recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N6,820.00, followed by Imo with N6,785.71, and Anambra with N6,750.00”.
“On the other hand, Yobe recorded the lowest price with N4,912.50, followed by Kebbi and Adamawa with N5,350.00 and N5,385.00 respectively” the report added.
In addition, analysis by zone showed that the South-East recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum (Cooking Gas) with N6,616.57, followed by the South-West with N6,513.30 while the North-Central recorded the lowest with N5,723.02.
Similarly, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum (Cooking Gas) increased by 28.33% on a month-on-month basis from N11,735.72 in January 2024 to N15,060.38 in February 2024.
This rose by 46.88% from N10,253.39 in February 2023 On a year-on -year basis.
On state profile analysis, Ogun recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum (Cooking Gas) with N16,375.00, followed by Delta with N16,333.33 and Edo with N16,321.43.
“Conversely, the lowest average price was recorded in Bauchi with N13,167.50, followed by Katsina and Yobe with N13,562.50 and N13,610.00 respectively. Analysis by zone showed that the South-East recorded the highest average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum (Cooking Gas) with N15,954.60, followed by the South-South with N15,943.40. In contrast, the North-East recorded the lowest price with N14,035.88”.
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