The National Bureau of Statistics (NBS) reports that the average price of 5kg cooking gas fell from N6,591.62 in March 2024 to N6,521.58 in April 2024. This is mentioned in the Bureau’s “Cooking Gas Price Watch” for April 2024, which was announced on Friday in Abuja. According to the data, the April price increased by 1.06 percent above the March 2024 price.
The NBS reported that the average price of 5kg cooking gas grew by 40.48 percent year on year, from N4,642.27 in April 2023 to N6,521.58 in April 2024. According to state profile study, Bauchi had the highest average price at N7,000.00, followed by Kano at N6,988.67 and Yobe at N6,962.50.
It claimed Adamawa had the lowest pricing at N5,470.00, followed by Enugu and Katsina at N5,973.53 and N5,981.82, respectively. Analysis by zone revealed that the South-South had the highest average retail price of N6,767.27, followed by the North-East at N6,602.50. “The South-East recorded the lowest average retail price at N6,602.50,” according to the NBS.
Furthermore, the NBS said that the average retail price for refilling a 12.5kg cooking gas decreased by 1.83 percent month on month, from N15,929.04 in March 2024 to N15,637.74 in April 2024. According to the research, the average retail price for 12.5kg of cooking gas increased by 51.48 percent year on year, from N10,323.33 in April 2023 to N15,637.74 in April 2024.
Cooking gas price
Based on a state profile analysis, Osun had the highest average retail price of N17,801.67 for 12.5kg cooking gas, followed by Anambra at N17,142.86 and Bayelsa at N16,975.00. According to the survey, the lowest average price was recorded in Bauchi at N13,745.12, followed by Kogi and Adamawa at N13,967.31 and N14,088.75, respectively. The South-South had the highest average retail price (N16,420.19), followed by the South-West (N16,231.02). According to the research, North-Central had the lowest pricing at N15.038.87.
Source: vanguardngr.com
