NBS Reports 5kg Cooking Gas Price Hike to N6,699 in September

The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from ₦6,430.02 recorded in August to N6,699.63 in September 2024.

The NBS revealed this in its newly published report on “Cooking Gas Price Watch’’ for September 2024, released on Friday in Abuja.

According to the report, the September price represented a 4.19 per cent increase, compared to what was obtained in August.

Average price of 5kg of cooking gas increased on a year-on-year basis by 59.90 per cent from ₦4,189.96 in September 2023 to ₦6,699.63 in September 2024.

The report showed that Rivers recorded the highest average price at ₦7,285.71, followed by Gombe at ₦7,271.88, and Borno at ₦7,089.72.

On the other hand, Kebbi recorded the lowest price at N5,950.00, followed by Kano and Benue at ₦6,133.33 and ₦6,143.52, respectively.

The North-East recorded the highest average retail price at ₦6,929.02 for 5 kg of cooking gas, followed by the South-East at ₦6,893.47.

“The North-West recorded the lowest average retail price at ₦6,382.30,” the NBS said.

Also, according to the report, average retail price for refilling a 12.5kg cooking gas increased by 4.89 per cent on a month-on-month basis from ₦15,552.56 in August 2024 to ₦16,313.43 in September.

Average retail price for 12.5kg cooking gas rose by 76.41 per cent on a year-on-year basis from ₦9,247.40 recorded in September 2023 to ₦16,313.43 in September 2024.

Rivers recorded the highest average retail price of ₦17,992.86, followed by Gombe at ₦17,942.86 and Zamfara at ₦17,475.00, while the lowest average price for 12.5kg of cooking gas was recorded in Adamawa at ₦13,983.33, followed by Nassarawa and Bauchi with ₦14,938.50 and ₦15,000.00, respectively.

Analysis by zone showed that the South-East recorded the highest average retail price of ₦16,957.29, followed by the South-West at ₦16,665.45.

The report said the North-East recorded the lowest price at ₦15,770.75.

Similarly, the NBS said the average retail price per litre of kerosene increased to ₦1,957.44 in September 2024 on a month-on-month basis.

The increase showed an increase of 5.97 per cent, compared to the ₦1,847.59 recorded in August 2024.

According to its National Kerosene Price Watch for September 2024 on a year-on-year basis, the average retail price per litre of kerosene rose by 50.68 per cent from ₦1,299.03 in September 2023.

On state profile analysis, the report showed that Abuja recorded the highest average price at ₦2,816.67 per litre of kerosene in August, followed by Kaduna at ₦2,437.50 and Akwa Ibom at ₦2,411.11.

“On the other hand, the lowest price was recorded in Bayelsa at N1,416.67, followed by Borno at ₦1,477.83 and Ekiti at ₦1,635.00.”

The NBS analysis further showed that the North Central recorded the highest average retail price per litre of kerosene at ₦2,194.05, followed by the North-West at ₦2,092.92.

It said the South-East recorded the lowest average retail price per litre of kerosene at ₦1,718.89.

Average retail price per gallon of kerosene paid by consumers in September 2024 was ₦6,818.1, indicating an increase of 5.84 per cent increase from ₦6,441.94 recorded in August 2024.

“On a year-on-year basis, the average price per gallon of kerosene increased by 55.69 per cent from ₦4,379.31 in September 2023.

Katsina recorded the highest average retail price at ₦8,400 per gallon of kerosene, followed by Jigawa at ₦8,100.00 and Kebbi and Ogun at ₦8,000.00.

Nasarawa recorded the lowest price at ₦5,250.00, followed by Adamawa and Niger at ₦5,281.25 and ₦5,291.67, respectively.

This is also as the North-West recorded the highest average price per gallon of kerosene at ₦7,809.52, followed by the South-East at ₦7,700.19.