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5kg Cooking Gas Price Hit N5,139.25 In January, Says NBS
5kg Cooking Gas Price Hit N5,139.25 In January, Says NBS
The National Bureau of Statistics (NBS), in its latest report released on Wednesday, February 28, said the average price of 5kg of cooking gas increased from N4,962.87 recorded in December 2023 to N5,139.25 in January 2024.
The report tagged “Cooking Gas Price Watch” indicated that the January price represented a 3.55 percent increase, compared to what was obtained in December 2023.
The Bureau said: “The average price of 5kg of cooking gas increased on a year-on-year basis by 12 percent from N4,588.75 recorded in January 2023 to N5,139.25 in January 2024.”
According to the state profile analysis, Nasarawa recorded the highest average price at N5,790.00, followed by Jigawa at N5,681.82, and Gombe at N5,660.00.
Conversely, Kaduna recorded the lowest price at N4,150.00, trailed by Ogun and Osun at N4,751.04 and N4,763.53, respectively.
The zonal analysis revealed that the northeast had the highest average retail price for 5 kg of cooking gas, at N5,296.32, followed by the North-Central at N5,240.36. While the south-west, at N4,805.05, had the lowest average retail price.
The NBS said: “The average retail price for refilling a 12.5kg cooking gas increased by 1.96 percent on a month-on-month basis from N11,510.16 in December 2023 to N11,735.72 in January 2024.
“The average retail price for 12.5kg cooking gas rose by 14.19 percent on a year-on-year basis from N10,277.17 recorded in January 2023 to N11,735.72 in January 2024.”
An analysis of state profiles revealed that Cross River recorded the highest average retail price of N13,040.00, followed by Jigawa at N12,875.00 and Zamfara at N12,725.00.
However, the analysis also revealed that Kaduna recorded the lowest average price of N9,699.50 for 12.5 kg of cooking gas, followed by Kwara and Niger at N10,000.00 and N10,400.00, respectively.
NBS added: “The lowest average price for 12.5kg of cooking gas was recorded in Kaduna at N9,699.50, followed by Kwara and Niger at N10,000.00 and N10,400.00, respectively.
“Analysis by zone showed that the South-South recorded the highest average retail price of N12,602.47, followed by the North-West at N12,224.93. The South-West recorded the lowest price at N11,189.02.”
END.
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