The National Bureau of Statistics (NBS) has reported a 4.19% increase in the average price of a 5kg cylinder of cooking gas, rising from ₦6,430.02 in August to ₦6,699.63 in September 2024. This data was disclosed in the NBS’ latest “Cooking Gas Price Watch” report, released on Friday in Abuja.
On a year-on-year basis, the average price of cooking gas has surged by 59.90%, climbing from ₦4,189.96 in September 2023 to ₦6,699.63 in the same period of 2024. Among states, Rivers recorded the highest average price at ₦7,285.71, followed by Gombe at ₦7,271.88 and Borno at ₦7,089.72. In contrast, Kebbi reported the lowest average price at ₦5,950.00, with Kano and Benue close behind at ₦6,133.33 and ₦6,143.52, respectively.
Regionally, the North-East had the highest average retail price for 5kg of cooking gas at ₦6,929.02, while the South-East trailed closely at ₦6,893.47. The North-West recorded the lowest average price at ₦6,382.30.
The report also highlighted a similar trend for the 12.5kg cylinder of cooking gas, which saw a 4.89% month-on-month increase from ₦15,552.56 in August to ₦16,313.43 in September. Year-on-year, the price jumped by 76.41%, up from ₦9,247.40 in September 2023. Rivers again recorded the highest average price for 12.5kg at ₦17,992.86, followed by Gombe at ₦17,942.86 and Zamfara at ₦17,475.00. The lowest price was found in Adamawa at ₦13,983.33, with Nassarawa and Bauchi close behind.
Across regions, the South-East led with an average price of ₦16,957.29 for 12.5kg of cooking gas, followed by the South-West at ₦16,665.45. The North-East recorded the lowest price at ₦15,770.75.
In addition to cooking gas, the NBS report on “National Kerosene Price Watch” revealed that the average retail price per litre of kerosene increased to ₦1,957.44 in September 2024, a 5.97% rise from the ₦1,847.59 recorded in August. On a year-on-year basis, kerosene prices have surged by 50.68%, up from ₦1,299.03 in September 2023.
State analysis showed that Abuja had the highest average price per litre of kerosene at ₦2,816.67, followed by Kaduna at ₦2,437.50 and Akwa Ibom at ₦2,411.11. The lowest prices were recorded in Bayelsa at ₦1,416.67, Borno at ₦1,477.83, and Ekiti at ₦1,635.00. Regionally, the North Central had the highest average price at ₦2,194.05, while the South-East had the lowest at ₦1,718.89.
The average retail price per gallon of kerosene also climbed by 5.84% in September to ₦6,818.10, up from ₦6,441.94 in August. On a year-on-year basis, the price per gallon increased by 55.69% from ₦4,379.31 in September 2023. Katsina recorded the highest average price per gallon at ₦8,400, followed by Jigawa at ₦8,100 and Kebbi and Ogun at ₦8,000 each. Nasarawa reported the lowest price at ₦5,250, with Adamawa and Niger close behind.
The North-West region led with the highest average price per gallon at ₦7,809.52, followed by the South-East at ₦7,700.19.