'Cooking gas price rises by 70.12% in May' - NBS discloses

The National Bureau of Statistics (NBS) has revealed that the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas, popularly known as cooking gas increased by 70.12%, Year-on-Year to N7,418.45 in May 2024 from N4,360.69 in May 2023.

NBS made this known in its Price Watch for May 2024.

According to the report, on a month-on-month (MoM) basis, the price increased by 13.75% from N6,521.58 in April 2024.

It said: “On state profile analysis in May 2024, Benue recorded the highest average price for refilling a 5kg LPG cylinder at N8,012.03, followed by Enugu at N7,926.21 and Ondo at N7,857.53. Yobe had the lowest price at N5,842.31, with Jigawa and Katsina trailing at N6,521.81 and N6,567.95, respectively.

“Regionally, the South-East had the highest average price for a 5kg refill at N7,680.87, followed by the South-West at N6,593.93, while the North-East had the lowest at N7,071.84.”

Zamfara has the highest average price for refilling a 12.5kg LPG cylinder at N18,369.33, followed by Bayelsa at N17,772.21 and Abia at N17,538.02.

The least prices were found in Bauchi at N13,076.43, Ebonyi at N13,788.09, and Taraba at N13,860.31.