The average price of 5kg cooking gas increased from ₦6,521.58 recorded in April 2024 to ₦7,418.45 in May 2024, according to the National Bureau of Statistics (NBS).
This is contained in the Bureau’s “Cooking Gas Price Watch’’ for May 2024 released on Wednesday in Abuja.
The report said the May price represented a 13.75 per cent increase, compared to what was obtained in April 2024.
The NBS said the average price of 5kg cooking gas increased on a year-on-year basis by 70.12 per cent from ₦4,360.69 recorded in May 2023 to ₦7,418.45 in May 2024.
On state profile analysis, the report showed that Benue recorded the highest average price at ₦8,012.03, followed by Enugu at ₦7,926.21, and Ondo at ₦7,857.53.
It said on the other hand, Yobe recorded the lowest price at ₦5,842.31 followed by Jigawa and Katsina at ₦6,521.81, respectively.
Analysis by zone showed that the South-East recorded the highest average retail price of 5kg cooking gas at ₦7,680.87, followed by the South-West at ₦6,593.93.
“The North-East recorded the lowest average retail price at N7,071.84,” the NBS said.
Also, the NBS said the average retail price for refilling a 12.5kg cooking gas declined by 0.07 per cent on a month-on-month basis from ₦15,637.74 in April 2024 to ₦15,627.40 in May 2024.
The report said the average retail price for 12.5kg cooking gas rose by 63.85 per cent on a year-on-year basis from ₦9,537.89 in May 2023 to ₦15,627.40 in May 2024.
State profile analysis showed that Zamfara recorded the highest average retail price of ₦18,369.33, followed by Bayelsa at ₦17,772.21 and Abia at ₦17,538.02.
On the other hand, the report showed that the lowest average price was recorded in Bauchi at ₦13,076.43, followed by Ebonyi and Taraba at ₦13,788.09 and N13,860.3, respectively.
Analysis by zone showed that the South-South recorded the highest average retail price of 12.5kg cooking gas at ₦16,310.02, followed by the North-West at ₦15,991.13.
The report said the North-East recorded the lowest price at ₦15,010.62