Average Cooking Gas Prices Hit N10,260 Per 12.5kg Refill

General News Oil and Gas
April 24, 2023
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4minutes read

The average price of liquefied petroleum gas (LPG), also known as cooking gas, paid by the residents of Nigeria have increased to N10,263 for a single 12.5kg refill in March 2023, according to data from the National Bureau of Statistics (NBS).

In its monthly Liquefied Petroleum Gas Price Watch report, the NBS stated that residents in Jigawa state paid an average of N11,687 per refill for a 12.5kg gas cylinder. According to the NBS, Jigawa state recorded the highest price of 12.5kg refill in March 2023.

This was closely followed by Akwa Ibom, which charged N10,880.20 per refill, and Cross River, which charged N10,810.65 per refill. Meanwhile, Ebonyi had the lowest 12.5kg refill prices at N9500, Yobe had N9,600, and Gombe had N9,766.67.

Average prices of 12.5kg cooking gas refill

Data gleaned from the report showed that the North Central recorded an average price of N10,192.43 per 12.5kg refill, the Northwest recorded N10,435.35 per refill, the Northeast recorded N9,808.50 per refill, the Southeast recorded N10,271.07 per refill, the Southwest recorded N10,344.59 per refill, and the South-South recorded N10,507.72 per refill.

The NBS noted that the average retail price for refilling a 12.5kg gas cylinder, increased by 0.09 percent on a month-on-month basis from N10,253.39 in February 2023 to N10,262.56 in March 2023. Meanwhile, on a year-on-year basis, this rose by 34.72 percent from N7,617.71 in March 2022.

5kg refill

The monthly report highlighted the fact that the highest prices for the 5kg gas cylinder refill were in Kwara at N4,962.87, Abuja at N4,940, and Adamawa at N4,915. Meanwhile, the lowest prices were recorded in Rivers at N4,204.45, Abia at N4,220.15, and Anambra at N4,232.75.

Across the zones, the North Central recorded N4,872.20, the Northwest recorded N4,651.93, the Northeast recorded N4,614.67, the Southeast recorded 4,441.55, the Southwest recorded N4,542.52 and the South-South recorded N4,461.32.

In addition, the NBS revealed that the average retail price for refilling a 5kg gas cylinder increased by 0.22 percent on a month-on-month basis from N4,600.57 recorded in February 2023 to N4,610.48 in March 2023. On a year-on-year basis, this rose by 22.03 percent from N3,778.30 in March 2022.