The National Bureau of Statistics has revealed that the average price for refilling a 5kg Liquefied Petroleum Gas (cooking gas) cylinder in Nigeria stood at N7,177.27 in December 2024.
This represented a 1.26% increase from the average price of N7,088.16 recorded in November 2024
The data also showed that, on a year-on-year basis, 5kg cooking gas prices for December 2024 represented a 44.62% increase from N4,962.87 in December 2023.
Also, on average, Nigerians paid N17,274.16 in December 2024 to refill a 12.5kg cooking gas cylinder.
This represents a slight decrease by 0.05% on a month-on-month basis when the December price is compared to N17,283.58 Nigerians paid in November 2024.
On a year-on-year basis, however, this price rose by 50.08% from N11,510.16 in December 2023.
The NBS stated this in its latest price watch report, which was published on its website and analysed by TimesNow.com.ng.
TimesNow.com.ng earlier revealed that Suresh Kumar, the Managing Director and CEO of NIPCO Plc, has outlined key measures needed to reduce the cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, in Nigeria.
The Sun reports that he gave the hints while speaking at the 2024 National Conference of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), themed “Sustainable Energy Growth in Nigeria – LPG and the Future.”
Kumar stated that the key to reducing the rising cost of cooking gas lies in supporting local refineries, such as the Dangote Refinery, to enhance domestic gas production.
He said:
TimesNow.com.ng previously reported that the Nigerian Upstream and Downstream Petroleum Regulatory Authority (NMDPRA) commenced clamping down on illegal liquified natural gas (LPG) sellers in Akwa Ibom state.
The agency decried how the product is being dispensed by illegal dealers in the state, including some fueling stations.
He asked gas plants to stop loading gas for those unlicensed by the NMDPRA.
Proofreading by James, Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
