The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 3.23 per cent on a month-on-month basis from N6,699.63 recorded in September 2024 to N6,915.69 in October 2024.
The recent report from the National Bureau of Statistics (NBS) posted on its website showed that on a year-on year basis, the price went up by 51.58 per cent from N4,562.51 recorded in October 2023.
The data further Indicated that the North-East recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas with N7,319.03, followed by the South-West with N6,961.58 while the North-West recorded the lowest with N6,703.95.
But on the state profile analysis, Borno recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,939.29, followed by Yobe with N7,580.00, and Benue with N7,578.00.
On the other hand, Katsina recorded the lowest price with N6,270.00, followed by Zamfara and Delta with N6,410.71 and N6,427.78 respectively.
In the same vein, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas increased by 2.58 per cent on a month-on-month basis from N16,313.43 in September 2024 to N16,734.55 in October 2024.
The data also revealed that on a year on-year basis, this rose by 58.68 per cent from N10,545.87 in October 2023 while on state profile analysis, Rivers recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas with N17,895.00 followed by Osun with N17,739.06 and Benue with N17,731.25.
Conversely, the lowest average price was recorded in Katsina with N14,725.00, followed by Nassarawa and Adamawa with N15,390.55 and N15,474.21 respectively.
Analysis by zone showed that the South-South recorded the highest average retail price for refilling a 12.5kg Cooking Gas with N17,114.67, followed by the South-East with N16,906.01 while the North-Central recorded the lowest price with N16,411.19.