Cooking Gas Prices Surge: Analysis of LPG Cylinder Refill Costs Across Nigeria

The landscape of Liquefied Petroleum Gas (LPG) pricing in Nigeria continues to evolve, with recent data revealing significant fluctuations in cooking gas refill prices across different states and zones. This month's analysis provides crucial insights into the changing dynamics of household energy costs.

5kg Cylinder Refill Trends

Nationwide, the average retail price for refilling a 5kg LPG cylinder experienced a notable 3.23% month-on-month increase, climbing from N6,699.63 in September 2024 to N6,915.69 in October 2024. Moreover, the year-on-year comparison showcases a dramatic 51.58% price escalation from N4,562.51 in October 2023.

Regional Price Variations

State-level analysis unveils substantial disparities in cooking gas prices. Northeastern states demonstrated the highest price points:

• Borno leads with an average refill price of N7,939.29
• Yobe follows closely at N7,580.00
• Benue ranks third with N7,578.00

In contrast, some states offer more affordable options:

• Katsina emerges as the most budget-friendly, with prices at N6,270.00
• Zamfara and Delta provide relatively lower rates at N6,410.71 and N6,427.78 respectively

Zonal Price Distribution

Zonal breakdown reveals interesting patterns:

• The North-East commands the highest average retail price at N7,319.03
• The South-West follows with N6,961.58
• The North-West registers the lowest zone-wide pricing at N6,703.95

12.5kg Cylinder Refill Dynamics

The 12.5kg cylinder segment demonstrates similar pricing trends, with a 2.58% month-on-month increase from N16,313.43 to N16,734.55. The year-on-year surge reaches an impressive 58.68%, escalating from N10,545.87 in October 2023.

State and Zonal Insights

Top-performing states for 12.5kg cylinder refills include:

• Rivers, leading with N17,895.00
• Osun at N17,739.06
• Benue with N17,731.25

The most economical states are:

• Katsina at N14,725.00
• Nassarawa with N15,390.55
• Adamawa at N15,474.21

Zonal analysis highlights:

• South-South records the highest average at N17,114.67
• South-East follows with N16,906.01
• North-Central shows the lowest pricing at N16,411.19

Key Takeaways

The data underscores the complexity of LPG pricing across Nigeria, influenced by regional factors, supply chains, and local economic conditions. Consumers should remain informed about these fluctuations to make cost-effective energy choices.