Cooking gas costs N16,250, a 38% increase.

 

According to Vanguard's research, the price of cooking gas, also known as liquefied petroleum gas, or LPG, increased by 38% on a month-over-month (MoM) basis. A 12.5 kilogram cylinder now costs N16,250, up from N11,735.72 in January 2024.
Additionally, research revealed that the cost of 1 kilogram of gas rose from N950 to N1,300, a 37 percent rise.
According to the Nigeria Bureau of Statistics' most recent report, Liquefied Petroleum Price Watch, January 2024, the average retail price of N5, 139.25 was paid in January 2024, a 3.55 percent increase Month-on-Month (MoM), for refilling a 5-kg cooking gas cylinder, compared to N4 952.87 in December 2023.
Year over year, or YoY, this grew from N4.588.75 in the same month of 2023 to N5,139.25 in January 2024, a 12 percent rise.
According to the NBS, Nassarawa State recorded the highest average cost of N5, 790.00 to refill a 5 kg cooking gas cylinder. Jigawa State and Gombe State came in second and third, respectively, with N5, 681.82 and N5,660.00.
Conversely, Ogun and Osun States had the highest prices, at N4, 751.04 and N4, 763.53, respectively, while Kaduna State had the lowest price, at N4, 150.00.