No More N10k: Cost of Cooking Gas Increases Again, Report Shows Cheapest, Highest Prices

• The price of refilling cooking gas has increased again bring more headache to households across the country
• New data from the National Bureau of Statistics reveals that the average price of cooking gas rose by 5.78%
• Residents of some states paid higher prices compared to others

Legit.ng journalist Dave Ibemere has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.

The National Bureau of Statistics has revealed that the average price for refiling a 5kg cooking gas cylinder in Nigeria hit N4,828.18 in November 2023.

This represents a 5.82% increased when compared to N4,562.51 average price that was recorded in the month of October 2023.

While on a year-on-year basis, cooking gas prices increased by 6.13% from N4,549.14 in November 2022.

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NBS disclosed this information in its latest price watch report, which was published on its website.

The report also revealed the average retail price for refilling a 12.5kg cylinder cooking gas increased by 5.78% on a month-on-month basis from N10,545.87 in October 2023 to N11,155.15 in November 2023.

While on a year-on-year basis, 12.5kg rose by 9.57% from N10,180.88 in November 2022.

The latest cooking gas prices means Nigerians spend 37% of N30,000 to refill 12.5kg cooking gas.

States with highest, lowest prices

According to NBS, Benue, Jigawa, and Adamawa recorded the highest prices for refilling a 5kg cooking gas, while Anambra, Imo, and Abia had the lowest prices.

Additionally, the North-East had the highest zone average, followed by the North-West as the second-highest, and the South-East with the lowest zone average.

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Highest Prices 5kg

• Benue: N5,466.67
• Jigawa: N5,396.43
• Adamawa: N5,357.14

Lowest Prices 5kg

• Anambra: N3,985.29
• Imo: N4,052.78
• Abia: N4,100.00

Average Retail Prices by Zones 5kg

• North-East: N5,029.25
• North-West: N4,999.34
• South-East: N4,083.52

12kg price trend

Delta reported the highest average retail price followed by Kogi and Cross River. Conversely, Zamfara recorded trailed by Gombe and Imo.

Highest Prices 12.5kg

• Delta: N12,875.00
• Kogi: N12,615.83
• Cross River: N12,583.33

Lowest average price 12.5kg

• Zamfara: N9,724.75
• Gombe: N9,800.00
• Imo: N9,887.50

"We Know Them:" Marketers identify cabal behind the rising price of cooking gas in Nigeria

Legit.ng reported that Cooking gas marketers under the Nigerian Association of Liquified Petroleum Gas Marketers (NALPGAM) have accused the Liquified Petroleum Gas (LPG) terminal operators of causing the country's high cooking gas cost.

Oladapo Olatubosun, the association's president, disclosed this when they met the Senate Committee on Gas in the company of the group members on Monday, October 23, 2023.

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The commodity's price recently increased to N1,200 per kilogram, with many Nigerians lamenting its high cost amid surging inflation and high living standards.

Source: Legit.ng