In May 2024, the average cost of refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG), also known as cooking gas, increased by 70.12% compared to the previous year, rising to N7,418.45 from N4,360.69 in May 2023.
This data was reported by the National Bureau of Statistics (NBS) in their Liquified Petroleum Gas (Cooking Gas) Price Watch for May 2024.
Additionally, the report noted that on a month-on-month basis, the price rose by 13.75%, from N6,521.58 in April 2024.
According to the NBS, Benue had the highest average price for refilling a 5kg LPG cylinder in May 2024 at N8,012.03, followed by Enugu at N7,926.21, and Ondo at N7,857.53. Yobe recorded the lowest price at N5,842.31, with Jigawa and Katsina at N6,521.81 and N6,567.95, respectively.
Regionally, the South-East had the highest average price for a 5kg refill at N7,680.87, followed by the South-West at N6,593.93, while the North-East had the lowest at N7,071.84.
The report also indicated that the average retail price for refilling a 12.5kg LPG cylinder increased by 63.85% on a year-on-year basis, reaching N15,627.40 in May 2024 from N9,537.89 in May 2023. However, on a month-on-month basis, the price slightly declined by 0.07%, from N15,637.74 in April 2024 to N15,627.40 in May 2024.
Zamfara had the highest average price for refilling a 12.5kg LPG cylinder at N18,369.33, followed by Bayelsa at N17,772.21 and Abia at N17,538.02. The lowest prices were observed in Bauchi at N13,076.43, Ebonyi at N13,788.09, and Taraba at N13,860.31.
Regionally, the South-South recorded the highest average price for a 12.5kg refill at N16,310.02, followed by the North-West at N15,991.13, while the North-East had the lowest at N15,010.16.
