The National Bureau of Statistics (NBS), in its latest report released yesterday, 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 per cent 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.
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 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,” the NBS said.
