The National Bureau of Statistics reports that the average price of 5kg of cooking gas increased by 19.75% in February 2024 compared to January 2024.
The National Bureau of Statistics, NBS, says the average price of 5kg of cooking gas rose from N5,139.25 recorded in January, 2023 to N6,154.50 in February, 2024. NBS made this disclosure in its “ Cooking Gas Price Watch’’ for February 2024 , released on Saturday in Abuja. The report said the February price represented a 19.75 per cent increase, compared to what was obtained in January, 2024. The bureau said the average price of 5kg of cooking gas rose on a year-on-year basis by 33.
78 per cent from N4, 600.57 recorded in February 2023 to N6, 154.50 in February, 2024. On state profile analysis, the report revealed that Lagos recorded the highest average price at N6, 820.00, followed by Imo at N6, 785.71, and Anambra at N6, 750.00. It said on the other hand, Yobe recorded the lowest price at N4,912.50, followed by Kebbi and Adamawa at N5,350.00 and N5,385.00, respectively. Analysis by zone indicated that the South-East recorded the highest average retail price at N6, 61
Cooking Gas Price Increase National Bureau Of Statistics February 2024