TheCable

The National Bureau of Statistics (NBS) says the price of 12.5kg of liquefied petroleum gas (LPG), better known as cooking gas, has increased by 46.88 percent in one year.

This is contained in the agency’s latest report on LPG (cooking gas) price watch for February.

NBS said the average price for refilling a 12.5kg cylinder of cooking gas in February increased to N15,060.38, compared to N10,253.39 in February 2023.

According to the NBS, the average retail price for refilling a 12.5kg cylinder of LPG went up by 28.33 percent in a month— from N11,735.72 in January 2024 to N15,060.38 in February 2024. 

“On a year-on -year basis, this rose by 46.88% from N10,253.39 in February 2023,” the bureau said. 

“On state profile analysis, Ogun recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N16,375.00, followed by Delta with N16,333.33 and Edo with N16,321.43.

“Conversely, the lowest average price was recorded in Bauchi with N13,167.50, followed by Katsina and Yobe with N13,562.50 and N13,610.00 respectively.”

NBS said the south-east recorded the highest average retail price for refilling a 12.5kg cylinder of LPG with N15,954.60, followed by the south-south with N15,943.40.

On the other hand, the north-east, NBS said, recorded the lowest price of N14,035.88.

‘AVERAGE PRICE OF 5KG LPG INCREASED BY 19% IN FEBRUARY’ 

NBS said the average retail price for refilling a 5kg cylinder of LPG rose by 19.75 percent on a month-on-month basis — from N5,139.25 recorded in January 2024 to N6,154.50 in February 2024. 

“On a year-on-year basis, this increased by 33.78% from N4,600.57 in February 2023,” the agency said.

“On state profile analysis, Lagos recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N6,820.00, followed by Imo with N6,785.71, and Anambra with N6,750.00.

“On the other hand, Yobe recorded the lowest price with N4,912.50, followed by Kebbi and Adamawa with N5,350.00 and N5,385.00 respectively.”

In addition, the bureau said the south-east recorded the highest average retail price for refilling a 5kg cylinder of LPG with N6,616.57, followed by the south-west with N6,513.30, while the north-central recorded the lowest with N5,723.02.