12.5kg cooking gas price surged by 46.88% – NBS

A 12.5 kilogram cylinder of Liquified Petroleum Gas, known as cooking gas, increased by 46.88 per cent on a year-on-year basis.

The National Bureau of Statistics disclosed this in its February Liquified Cook Gas Price Watch.

The report showed that the price of 12.5kg of cooking gas increased to N15,060.38 in February 2024 from N10,253.39 in the corresponding month last year.

Meanwhile, on a month-on-month basis, it increased by 28.33 per cent to N15,060.38 in February 2024 from N11,735.72 last month.

Also, in February 2024, the cost to refill a 5kg cylinder of cooking gas rose to N6,154.50, a 19.75 per cent increase from January 2023’s price of N5,139.25. On a year-on-year basis, there was a 33.78 per cent surge from N4,600.57 in February 2023.

Regarding state prices, Ogun had the highest average cost at N16,375.00, followed by Delta at N16,333.33 and Edo at N16,321.43.

On the lower end, Bauchi had the lowest average price at N13,167.50, with Katsina and Yobe close behind at N13,562.50 and N13,610.00, respectively.

On a zonal level, the South-East led with the highest average price for refilling a 12.5kg gas cylinder at N15,954.60, with the South-South nearly matching at N15,943.40. The North-East, however, had the lowest regional price at N14,035.88.

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