Cooking Gas Price Rises By 4.89% For 12.5kg Cylinder In September

The National Bureau of Statistics (NBS) has reported that the average price of a 5kg cylinder of cooking gas rose from N6,430.02 in August to N6,699.63 in September 2024.

According to the report, the average retail price for refilling a 12.5kg cooking gas increased by 4.89 percent on a month-on-month basis from N15,552.56 in August 2024 to N16,313.43 in September.

The average retail price for 12.5kg cooking gas rose by 76.41 percent on a year-on-year basis from N9,247.40 recorded in September 2023 to N16,313.43 in September 2024.

The NBS disclosed this in its newly released “Cooking Gas Price Watch” report for September 2024, published on Friday in Abuja.

According to the report, the September price represented a 4.19 percent increase, compared to what it was in August.

The average price of 5kg of cooking gas increased on a year-on-year basis by 59.90 percent from N4,189.96 in September 2023 to N6,699.63 in September 2024.

Analysis by states revealed that Rivers State recorded the highest average price at N7,285.71, followed by Gombe State at N7,271.88, and Borno State at N7,089.72.

Kebbi recorded the lowest price at N5,950.00, followed by Kano and Benue at N6,133.33 and N6,143.52, respectively.

The North-East recorded the highest average retail price at N6,929.02 for 5 kg of cooking gas, followed by the South-East at N6,893.47.

“The North-West recorded the lowest average retail price at NN6,382.30,” the NBS said.

The report also showed that Rivers recorded the highest average retail price of N17,992.86, followed by Gombe at N17,942.86 and Zamfara at N17,475.00, while the lowest average price for 12.5kg of cooking gas was recorded in Adamawa at N13,983.33, followed by Nassarawa and Bauchi with N14,938.50 and N15,000.00, respectively.

Analysis by zone showed that the South-East recorded the highest average retail price of N16,957.29, followed by the South-West at N16,665.45.

The report said the North-East recorded the lowest price at N15,770.75.
Similarly, the NBS said the average retail price per litre of kerosene increased to N1,957.44 in September 2024 on a month-on-month basis.

The increase showed an increase of 5.97 percent, compared to the N1,847.59 recorded in August 2024.

According to the NBS National Kerosene Price Watch for September 2024 on a year-on-year basis, the average retail price per litre of kerosene rose by 50.68 percent from N1,299.03 in September 2023.

The report’s state profile analysis indicated that Abuja had the highest average price for kerosene in August at N2,816.67 per litre, followed by Kaduna at N2,437.50 and Akwa Ibom at N2,411.11.

“On the other hand, the lowest price was recorded in Bayelsa at N1,416.67, followed by Borno at N1,477.83 and Ekiti at N1,635.00.”

The NBS also analysed that the North-Central recorded the highest average retail price per litre of kerosene at N2,194.05, followed by the North-West at N2,092.92, adding that the South-East recorded the lowest average retail price per liter of kerosene at N1,718.89.

The average retail price per gallon of kerosene paid by consumers in September 2024 was N6,818.1, indicating an increase of 5.84 percent increase from N6,441.94 recorded in August 2024.

On a year-on-year basis, the average price per gallon of kerosene increased by 55.69 percent from N4,379.31 in September 2023.

Katsina recorded the highest average retail price for kerosene at N8,400 per gallon, followed by Jigawa at N8,100 and Kebbi and Ogun at N8,000, while Nasarawa had the lowest at N5,250, with the North-West averaging the highest regional price at N7,809.52.