The National Bureau of Statistics (NBS) has reported a rise in the average price of a 5-kilogram cylinder of cooking gas, increasing from N6,430.02 in August to N6,699.63 in September 2024. This change represents a 4.19 percent hike from the previous month, according to the newly released “Cooking Gas Price Watch” report published on Friday in Abuja.
Year-on-year, the average price of cooking gas has surged by 59.90 percent, up from N4,189.96 in September 2023 to the current N6,699.63. The report highlights significant regional variations, with Rivers State recording the highest average price at N7,285.71, followed closely by Gombe at N7,271.88 and Borno at N7,089.72.
Conversely, Kebbi State has the lowest average price for cooking gas at N5,950.00, followed by Kano and Benue at N6,133.33 and N6,143.52, respectively. The report also indicates that the North-East region has the highest average retail price for a 5kg gas cylinder at N6,929.02, followed by the South-East at N6,893.47.
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These price fluctuations reflect ongoing trends in the cooking gas market and are crucial for consumers and stakeholders in the energy sector.
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