Cooking Gas, Kerosene Prices Increase in September —NBS Report

Oluwasegun SanusiOctober 18, 20242 Mins read25

Cooking Gas (LPG) Containers

The National Bureau of Statistics (NBS) has reported significant increases in the prices of cooking gas and kerosene across Nigeria for September 2024.

According to the report, the average price for refilling a 5kg cooking gas cylinder rose to ₦6,699.63, reflecting a 4.19% increase from ₦6,430.02 recorded in August.

The year-on-year comparison showed a steep rise of 59.90%, up from ₦4,189.96 in September 2023.

In its latest “Cooking Gas Price Watch” report released in Abuja, the NBS highlighted that Rivers State recorded the highest average price for 5kg of cooking gas at ₦7,285.71, followed by Gombe at ₦7,271.88 and Borno at ₦7,089.72.

However, the lowest price was seen in Kebbi at ₦5,950.00, with Kano and Benue recording relatively lower prices at ₦6,133.33 and ₦6,143.52, respectively.

The report also stated that the price for refilling a 12.5kg cooking gas cylinder surged by 4.89% month-on-month, from ₦15,552.56 in August to ₦16,313.43 in September 2024.

The year-on-year increase was even more dramatic, rising by 76.41% from ₦9,247.40 in September 2023.

Rivers State also topped the list for the highest 12.5kg gas prices at ₦17,992.86, followed by Gombe at ₦17,942.86 and Zamfara at ₦17,475.00. Adamawa recorded the lowest price at ₦13,983.33, with Nassarawa and Bauchi trailing at ₦14,938.50 and ₦15,000.00, respectively.

The South-East region had the highest average price for 12.5kg gas at ₦16,957.29, while the North-East posted the lowest price at ₦15,770.75.

The NBS report also revealed that the average price per litre of kerosene increased to ₦1,957.44 in September, marking a month-on-month rise and a 50.68% increase from ₦1,299.03 in September 2023. Abuja had the highest average price per litre at ₦2,816.67, followed by Kaduna at ₦2,437.50 and Akwa Ibom at ₦2,411.11. Bayelsa recorded the lowest price at ₦1,416.67, with Borno and Ekiti close behind at ₦1,477.83 and ₦1,635.00, respectively.

For consumers purchasing kerosene by the gallon, prices averaged ₦6,818.1 in September, a 5.84% increase from ₦6,441.94 in August 2024 and a 55.69% jump from ₦4,379.31 in September 2023.

Katsina led with the highest price per gallon at ₦8,400, followed by Jigawa at ₦8,100.00 and Kebbi and Ogun at ₦8,000.00. The lowest prices were recorded in Nasarawa at ₦5,250.00, followed by Adamawa and Niger at ₦5,281.25 and ₦5,291.67, respectively.

Nigerians are currently facing hardship as it was reported that the inflation rate in September 2024 rose to 32.70 per cent, an increase from 32.15 per cent in August, according to the National Bureau of Statistics (NBS).

Earlier this month, Nigerian National Petroleum Company Limited (NNPCL) also increased the pump price of petrol at its retail outlets, as pump price increased to N1,030 and more depending on the location.

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