The National Bureau of Statistics (NBS) reported that the average price of 5kg of cooking gas decreased from N6,591.62 in March 2024 to N6,521.58 in April 2024.
According to the NBS’s “Cooking Gas Price Watch” for April 2024, released on Friday, this price drop represents a 1.06 percent increase compared to March 2024. On a year-on-year basis, the average price of 5kg cooking gas rose by 40.48 percent, from N4,642.27 in April 2023 to N6,521.58 in April 2024.
The state profile analysis indicated that Bauchi had the highest average price at N7,000, followed by Kano at N6,988.67, and Yobe at N6,962.50. In contrast, Adamawa recorded the lowest price at N5,470.00, followed by Enugu and Katsina at N5,973.53 and N5,981.82, respectively.
Zonal analysis showed that the South-South had the highest average retail price at N6,767.27, followed by the North-East at N6,602.50, while the South-East recorded the lowest average retail price at N6,602.50.
The NBS also noted that the average retail price for refilling a 12.5kg cooking gas cylinder declined by 1.83 percent on a month-on-month basis, from N15,929.04 in March 2024 to N15,637.74 in April 2024. On a year-on-year basis, the price increased by 51.48 percent, from N10,323.33 in April 2023 to N15,637.74 in April 2024.
The state profile analysis showed that Osun had the highest average retail price for 12.5kg cooking gas at N17,801.67, followed by Anambra at N17,142.86 and Bayelsa at N16,975.00. Conversely, Bauchi recorded the lowest average price at N13,745.12, followed by Kogi and Adamawa at N13,967.31 and N14,088.75, respectively.
Zonal analysis indicated that the South-South had the highest average retail price at N16,420.19, followed by the South-West at N16,231.02, while the North-Central recorded the lowest price at N15,038.87.