Price of Cooking Gas Increases By 3.55% In January 2024

The National Bureau Of Statistics says the average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas, Cooking Gas increased by 3.55% on a month-on-month basis from N4,962.87 recorded in December 2023 to N5,139.25 in January 2024.

The National Bureau of Statistics revealed this in the Liquefied Petroleum Gas (Cooking Gas) Price Watch (January 2024) released on Tuesday.

“On a year-on-year basis, this increased by 12.00% from N4,588.75 in January 2023. On state profile analysis, Nassarawa recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N5,790.00, followed by Jigawa with N5,681.82, and Gombe with N5,660.00.

The Report says that “Kaduna recorded the lowest price with N4,150.00, followed by Ogun and Osun with N4,751.04 and N4,763.53 respectively”.

The analysis by zone showed that the North-East recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas with N5,296.32, followed by the North-Central with N5,240.36, while the South-West recorded the lowest with N4,805.05.

According to the report, “the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 1.96% on a month-on-month basis from N11,510.16 in December 2023 to N11,735.72 in January 2024. On a year-on -year basis, this rose by 14.19% from N10,277.17 in January 2023”.

“On state profile analysis, Cross River recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N13,040.00, followed by Jigawa with N12,875.00 and Zamfara with N12,725.00. Conversely, the lowest average price was recorded in Kaduna with N9,699.50, followed by Kwara and Niger with N10,000.00 and N10,400.00 respectively” it added.

The South-South recorded the highest average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N12,602.47, followed by the North-West with N12,224.93, while the South-West recorded the lowest price with N11,189.02.