According to the NBS, the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 3.23% on a month-on-month basis from N6,699.63 recorded in September 2024 to N6,915.69 in October 2024.
Anew report by the National Bureau of Statistics has shown that the price of cooking gas recorded an increase in October 2024.
According to the NBS, the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 3.23% on a month-on-month basis from N6,699.63 recorded in September 2024 to N6,915.69 in October 2024.
The price of cooking gas also increased on a yearly basis, surging from N4562.51 in October 2023, to N6915 in October 2024. This represents a 51.58% increase.
According to the report, Borno recorded the highest average price for refilling a 5kg cylinder of cooking gas with N7,939.29, followed by Yobe with N7,580.00, and Benue with N7,578.00.
Katsina State recorded the lowest price with N6,270.00, followed by Zamfara and Delta with N6,410.71 and N6,427.78 respectively.
The report also noted that the North-East region recorded the highest average retail price for refilling a 5kg cylinder of cooking gas with N7,319.03, followed by the South-West with N6,961.58 while the North-West region recorded the lowest with N6,703.95.
Also, the average retail price for refilling a 12.5kg cylinder of cooking gas increased by 2.58% on a month-on-month basis from N16,313.43 in September 2024 to N16,734.55 in October 2024.
On a year on-year basis, this rose by 58.68% from N10,545.87 in October 2023.
Rivers State recorded the highest average retail price for the refilling of a 12.5kg cylinder of cooking gas with N17,895.00 followed by Osun with N17,739.06 and Benue with N17,731.25.
The lowest average price was recorded in Katsina with N14,725.00, followed by Nasarawa and Adamawa with N15,390.55 and N15,474.21 respectively.
On zonal level, South-South recorded the highest average retail price for refilling a 12.5kg cylinder of cooking gas with N17,114.67, followed by the South-East with N16,906.01 while the North-Central recorded the lowest price with N16,411.19.
Nigerians are feeling the pinch as prices of essential items like cooking gas and petroleum continue to rise, affecting the country’s economy.
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