Price of cooking gas drops further on rising adoption

The average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -2.34% month-on-month and by -5.76% year-on-year to N4,124.20 in September 2019 from N4,223.08 in August 2019, largely due to the adoption of LPG in any households.

According to operators, the LPG market is growing exponentially and increasingly being embraced by Nigerians, as such, the number of households that have embraced LPG has increased compared to the past five years.

States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Akwa Ibom (N4,685.05), Benue (N4,600.00) and Cross River (N4,565.32).

States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Kano (N3,600.00), Oyo (N3,661.54) and Lagos (N3,705.00).

Average price paid by consumers for premium motor spirit (petrol) decreased by -1.2% year-on-year and flat month-on-month to N145.5 in September 2019 from N145.5 in August 2019.

States with the highest average price of premium motor spirit (petrol) were Cross River (N147.50), Benue (N147.17) and Bayelsa (N146.75).

States with the lowest average price of premium motor spirit (petrol) were Abuja (N143.17), Bauchi (N144.00) and Kaduna (N144.13).

Average price paid by consumers for automotive gas oil (diesel) decreased by -0.50% month-on-month and increased by 7.69% year-on-year to N227.92 in September 2019 from to N229.08 in August 2019.

States with the highest average price of diesel were Borno (N271.00), Niger (N253.75) and Taraba (N252.60).

States with the lowest average price of diesel were Ekiti (N200.33), Rivers (N208.00) and Bayelsa (N208.33).

Average price per litre paid by consumers for National Household Kerosene decreased by -1.30% month-on-month and increased by 7.12% year-on-year to N318.46 in September 2019 from N322.64 in August 2019.

States with the highest average price per litre of kerosene were Abia (N378.50) , Enugu (N372.73), and Cross River (N359.85).

States with the lowest average price per litre of kerosene were Abuja (N245.83), Nassarawa (N265.92) and Borno (N276.96).

Similarly, average price per gallon paid by consumers for National Household Kerosene increased by 0.56% month-on-month and by 8.01% year-on-year to N1,217.28 in September 2019 from N1,210.44 in August 2019.

States with the highest average price per gallon of kerosene were Gombe (N1,441.67), Borno (N1,400.00) and Adamawa (N1,375.44).

States with the lowest average price per gallon of kerosene were Bayelsa (N1,065.45), Delta (N1,100.38) and Osun (N1,103.53).

Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -1.21% month-on-month and -6.23% year-on-year to N1,976.11 in September 2019 from N2,000.34 in August 2019.

States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,481.88), Borno (N2,382.29) and Adamawa (N2,375.66).

States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Abuja (N1,680.00), Ebonyi (N1,700.00) and Osun (N1,711.46).