Average price of cooking gas increases by 8.70% annually – NBS

The mean cost of a 5kg cylinder of Liquified Natural Gas (LNG), commonly referred to as cooking gas, witnessed a rise of 8.70% to N4,962.87 in December 2023 compared to N4,565.56 in December 2022, as reported by the National Bureau of Statistics (NBS) in its most recent LPG price watch for December 2023.

In a detailed examination across states, Adamawa, Jigawa, and Ogun registered the highest prices, while states in the southeast, including Imo and Ebonyi, recorded the lowest prices.

In terms of geopolitical zones, the North-East displayed the highest average retail price for refilling a 5kg LNG cylinder at N5,256.61. Following closely, the North-West reported a price of N5,144.50, whereas the Southeast recorded the lowest retail price at N4,155.59.