The National Bureau of Statistics (NBS) has stated that the price of 12.5 kilograms (kg) of liquefied petroleum gas (LPG), better known as cooking gas, increased by 55.66 per cent year-on-year.
According to data released by the NBS in its latest LPG (cooking gas) price watch report for July, Nigerians paid an average price of N14,261.57 for refilling a 12.5kg cylinder of cooking gas in July 2024 compared to N9,162.11 in July 2023.
It said the cost of refilling a 12.5kg cylinder dropped by 9.37 per cent month-on-month.
“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 basis, this rose by 55.66% from N9,162.11 in July 2023,” it stated.
State profile analysis further showed that Gombe State recorded the highest average retail price for the refilling of a 12.5kg cylinder of cooking gas with N15,872.22, followed by Yobe and Taraba at N15,823.32 and N15,625.00, respectively.
“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,” NBS said.
Across the geopolitical zones, the NBS report showed that the north-east recorded the highest average retail price at N15,075.16, followed by the north-west (N14,454.86) and the north-central (N13,611.68).
In addition, the NBS said the average retail price for refilling a 5kg cylinder of cooking gas decreased by 14.23 percent on a month-on-month basis — from N6,966.03 recorded in June 2024 to N5,974.55 in July 2024.
