ABUJA- The National Bureau of Statistics (NBS) has reported that the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) witnessed a month-on-month increase of 1.81 per cent.
In September 2023, the price rose to N4,189.96 from N4,115.32 in August 2023. However, on a year-on-year basis, there was a decrease of 6.36 per cent compared to September 2022 when the price was N4,474.48.
The report also noted regional variations in gas prices, with Kwara state recording the highest average price for a 5kg cylinder refill at N4,866.60, followed by Benue state at N4,789.26 and Adamawa state at N4,785.71.
In contrast, parts of southern Nigeria had lower prices, with Ondo state having the lowest at N3,364.62, followed by Ekiti and Edo states at N3,450.06 and N3,626.17, respectively.
An analysis by zone indicated that the North-Central region had the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas, at N4,555.95, followed by the North-West at N4,394.40, while the South-West recorded the lowest price at N3,809.22.
Additionally, the NBS report noted that the average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas increased by 0.58 per cent on a month-on-month basis, rising from N9,194.41 in August 2023 to N9,247.40 in September 2023. On a year-on-year basis, this represented a 6.65 per cent decrease from N9,906.44 in September 2022.
Cross River recorded the highest average retail price for the refilling of a 12.5kg cylinder of Liquefied Petroleum Gas at N10,203.13, followed by Ogun at N9,967.11 and Nasarawa at N9,950.15.
Conversely, the lowest average price was recorded in Adamawa at N7,604.29, followed by Borno and Gombe at N8,113.69 and N8,188.75, respectively.
Analyzing the data by zone, the South-South region recorded the highest average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas at N9,613.55, followed by the South-East at N9,393.69, while the North-East had the lowest price at N8,683.62.