The National Bureau of Statistics (NBS), said Taraba, Lagos, and Benue have reported the highest prices for liquefied petroleum gas (LPG), commonly known as cooking gas, in Nigeria.
The NBS revealed that the average price for refilling a 5kg LPG cylinder increased by 44.62% year-on-year, reaching N7,000 in December 2024, compared to N4,962.87 in December 2023. State-by-state analysis shows that Taraba recorded the highest average price for a 5kg cylinder at N8,074.41, followed by Lagos at N7,910.71, and Benue at N7,900. In contrast, Delta recorded the lowest price at N6,455, with Ondo and Zamfara following at N6,683.33 and N6,778.57, respectively.
For the 12.5kg cylinder, Taraba again had the highest average retail price at N20,290.75, followed by Yobe at N19,000.00 and Rivers at N18,710.94. Kebbi recorded the lowest average price at N15,733.33, followed by Nasarawa at N15,875.00 and Kwara at N16,109.38.
Analysis by region shows that the North-East had the highest average price for a 12.5kg cylinder at N18,173.90, followed by the South-West at N17,544.26. The North-Central had the lowest price at N16,482.47.
These rising cooking gas prices, along with increases in electricity and fuel costs, contributed to Nigeria’s inflation rate reaching 34.80% in December 2024, as reported by the NBS.
This data highlights the growing cost of living in Nigeria, despite efforts by the Central Bank of Nigeria and other fiscal agencies to address inflation.
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