The National Bureau of Statistics (NBS) reported that the average price of 5kg cooking gas rose from N6,521.58 in April 2024 to N7,418.45 in May 2024.
This information was disclosed in the Bureau’s “Cooking Gas Price Watch” for May 2024, released on Wednesday in Abuja.
According to the report, the May price indicated a 13.75 percent increase compared to April 2024.
The NBS further stated that the average price of 5kg cooking gas surged by 70.12 percent on a year-on-year basis, rising from N4,360.69 in May 2023 to N7,418.45 in May 2024.
Regarding state profiles, Benue recorded the highest average price at N8,012.03, followed by Enugu at N7,926.21, and Ondo at N7,857.53.
Conversely, Yobe had the lowest price at N5,842.31, followed by Jigawa and Katsina at N6,521.81, respectively.
Analyzing by zone, the South-East recorded the highest average retail price of 5kg cooking gas at N7,680.87, followed by the South-West at N6,593.93.
“The North-East recorded the lowest average retail price at N7,071.84,” the NBS said.
The National Bureau of Statistics (NBS) also reported that the average retail price for refilling a 12.5kg cooking gas decreased by 0.07 percent on a month-on-month basis, dropping from N15,637.74 in April 2024 to N15,627.40 in May 2024.
According to the report, the average retail price for 12.5kg cooking gas surged by 63.85 percent on a year-on-year basis, climbing from N9,537.89 in May 2023 to N15,627.40 in May 2024.
State profile analysis revealed that Zamfara recorded the highest average retail price of N18,369.33, followed by Bayelsa at N17,772.21, and Abia at N17,538.02.
Conversely, the lowest average price was observed in Bauchi at N13,076.43, followed by Ebonyi and Taraba at N13,788.09 and N13,860.30, respectively.
Analyzing by zone, the South-South recorded the highest average retail price of 12.5kg cooking gas at N16,310.02, followed by the North-West at N15,991.13.
The report highlighted that the North-East recorded the lowest price at N15,010.62.