Connect with us

BUSINESS

Cooking gas price continues to rise- NBS

Published

on

The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N7,655.73 recorded in March to N8,706.93 in April.

The NBS said in its Cooking Gas Price Watch for April released in Abuja, that the April price represented a 13.73 per cent increase, compared to what was obtained in March.

The report said that the average price of 5kg of cooking gas increased on a year-on-year basis by 10.42 per cent from N7,855.60 recorded in April 2025.

It also said that the average retail price for refilling a 12.5kg cooking gas increased by 13.89 per cent on a month-on-month basis from N19,652.83 in March 2026 to N22,382.20 in April 2026.

“While on a year-on-year basis, the average retail price for 12.5kg cooking gas increased by 10.43 per cent from N20,268.06 in April 2025.”

Our correspondent reports that the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) attributed the current price increase of LPG to supply shortages.

The association disclosed that cooking gas now sells between N1, 500 and N1, 700 per kilogram, while marketers pay between N25.2 million and N26.2 million for a 20-metric-tonne truck of liquefied petroleum gas, depending on the location.

Also, experts have attributed the current persistent increase in the price of LPG to rising global energy prices, exchange rate volatility, and supply distribution challenges.

An energy expert, Mr Chris Mordi, said the LPG market in Nigeria remained heavily influenced by international energy costs and foreign exchange fluctuations.

According to him, temporary shortages at depots, inadequate storage infrastructure and high logistics costs continue to affect product availability and retail prices in spite of improvements in local production.

Mordi added that the U.S.-Iran conflict had also affected the importation of LPG, with global LPG benchmarks increasing and affecting domestic prices.

Meanwhile, Nigerians have continued to urge the Federal Government to ensure a reduction in cooking gas prices to ease the financial burdens on households.

Our correspondent reports that many Nigerians are reverting to the use of charcoal and firewood due to the persistent rise in cooking gas prices.

However, stakeholders warn that this trend could undermine Nigeria’s progress toward achieving cleaner energy and more sustainable energy use.

More details from the report showed that on state profile analysis, Lagos recorded the highest average price for refilling a 5kg at N9,745.10, followed by Nasarawa at N9,451.70 and Bayelsa at N9,422.74.

It said that Anambra recorded the lowest price at N7,204.76, followed by Ondo and Ogun at N7,239.49 and N7,825.75 respectively.

Analysis of the six zones showed that the North-West recorded the highest average retail price at N9,025.07 for 5kg of cooking gas, followed by the North-East at N8,847.16.

“The South-East recorded the lowest average retail price at N8,224.37,” the report said.

For refilling a 12,5kg cylinder, the report showed that Katsina recorded the highest average retail price at N25,596.71, followed by Kogi at N24,558.25 and Gombe at N24,438.97.

The report also showed that the lowest average price for refilling 12.5 kg of cooking gas was recorded in Ogun at N19,564.36, followed by Bauchi and Anambra at N20,178.87 and N20,511.90, respectively.

Analysis by zone showed that the North-West also recorded the highest average retail price for refilling a 12.5kg cylinder at N23,276.95, followed by the North-Central at N22,865.29.

The report said the South-East also recorded the lowest price of refilling a 12.5 kg cylinder at N21,060.92.

Okoghene Akubuike

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel