Nigeria: Cooking Gas Price Rises By 70.12 Percent in May - NBS

21 June 2024
Vanguard (Lagos)
By Shalom Uzochukwu

The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas rose by 70.12 per cent, Year-on-Year, YoY to N7,418.45 in May 2024 from N4,360.69 in May 2023.

The National Bureau of Statistics (NBS) disclosed this in its Liquified Petroleum Gas (Cooking Gas) Price Watch for May 2024.

The report also revealed that on a month-on-month (MoM) basis, the price rose by 13.75 per cent from N6,521.58 in April 2024.

The NBS said: "On state profile analysis in May 2024, Benue recorded the highest average price for refilling a 5kg LPG cylinder at N8,012.03, followed by Enugu at N7,926.21 and Ondo at N7,857.53. Yobe had the lowest price at N5,842.31, with Jigawa and Katsina trailing at N6,521.81 and N6,567.95, respectively.

"Regionally, the South-East had the highest average price for a 5kg refill at N7,680.87, followed by the South-West at N6,593.93, while the North-East had the lowest at N7,071.84."

The report also stated that the average retail price for refilling a 12.5kg LPG cylinder on a year-on-year basis, rose by 63.85 per cent to N15,627.40 in May 2024 from N9,537.89 in May 2023.

However, on a month-on-month (MoM) basis, the price declined by 0.07 per cent to N15,627.40 in May 2024 from N15,637.74 in April 2024.

Zamfara reported the highest average price for refilling a 12.5kg LPG cylinder at N18,369.33, followed by Bayelsa at N17,772.21 and Abia at N17,538.02.

The lowest prices were found in Bauchi at N13,076.43, Ebonyi at N13,788.09, and Taraba at N13,860.31.

The South-South region recorded the highest average price for a 12.5kg refill at N16,310.02, followed by the North-West at N15,991.13, while the North-East had the lowest at N15,010.62.

Read the original article on Vanguard.

Tagged:
Copyright © 2024 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.