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Reading: Cooking Gas Price for 12.5kg Cylinder Soars 46% to N15,060 in February – NBS
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Cooking Gas Price for 12.5kg Cylinder Soars 46% to N15,060 in February – NBS

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: March 24, 2024
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The National Bureau of Statistics (NBS) has revealed a significant surge in the price of liquefied petroleum gas (LPG), commonly known as cooking gas, over the past year, with prices soaring by 46.88%.

According to the latest report from the NBS on LPG price watch for February, the average cost of refilling a 12.5kg cylinder of cooking gas rose to N15,060.38, compared to N10,253.39 recorded in February 2023.

The bureau noted that on a month-on-month basis, there was a 28.33% increase from N11,735.72 in January 2024 to N15,060.38 in February 2024.

In terms of regional analysis, the south-east recorded the highest average retail price for refilling a 12.5kg cylinder of LPG at N15,954.60, followed closely by the south-south at N15,943.40. Conversely, the north-east had the lowest price at N14,035.88.

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Furthermore, the NBS reported a 19.75% month-on-month increase in the average retail price for refilling a 5kg cylinder of LPG, rising from N5,139.25 in January 2024 to N6,154.50 in February 2024.

The agency highlighted that on a year-on-year basis, this represented a 33.78% increase from N4,600.57 in February 2023.

Lagos topped the list with the highest average price for refilling a 5kg cylinder of LPG at N6,820.00, trailed by Imo at N6,785.71, and Anambra at N6,750.00. Conversely, Yobe recorded the lowest price at N4,912.50.

In regional analysis, the south-east recorded the highest average retail price for refilling a 5kg cylinder of LPG at N6,616.57, followed by the south-west at N6,513.30. The north-central had the lowest at N5,723.02.

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
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