More

    Cooking Gas Prices Surge by 44.5% in One Year – NBS

    The average retail price for refilling a 12.5 kg cylinder of Liquefied Petroleum Gas (LPG), commonly used as cooking gas in Nigeria, surged by 44.51% year-on-year in July 2025, according to the latest LPG Price Watch Report released by the National Bureau of Statistics (NBS).

    Data from the report shows that the cost of a 12.5 kg cylinder rose from ₦14,261.57 in July 2024 to ₦20,609.48 in July 2025, reflecting a significant increase in household energy expenses. 

    While prices are sharply higher compared to the previous year, the report indicates a slight month-on-month decrease of 1.91%, from ₦21,010.56 in June 2025 to ₦20,609.48 in July 2025.

    The NBS also noted that the price of a 5 kg cylinder increased 37.98% year-on-year, rising from ₦5,974.55 in July 2024 to ₦8,243.79 in July 2025, though it recorded a small 0.96% decline from the previous month.

    Read Also: Dangote to Build $2.5 billion Fertiliser Facility in Ethiopia

    Regional analysis highlighted notable price variations. 

    Adamawa recorded the highest average price for a 5 kg cylinder at ₦9,011.36, followed by Rivers (₦9,005.00) and Taraba (₦8,945.43), while Yobe (₦7,612.00), Niger (₦7,662.00), and Nasarawa (₦8,000.25) had the lowest prices. 

    For the 12.5 kg cylinder, Adamawa again topped the chart at ₦22,528.39, with Rivers and Taraba following closely. Yobe recorded the lowest average at ₦19,030.00. 

    Zone-wise, the South-South region had the highest retail prices for both cylinder sizes, while the South-West had the lowest.

    Don’t Miss This: Rwanda Becomes Third African Nation to Receive U.S. Deported Migrants

    The report, based on responses from over 10,000 participants across Nigeria’s 774 local government areas, comes after the Federal Government in October 2024 banned the export of locally produced cooking gas to prioritise domestic supply, a policy confirmed by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo.

    The latest NBS findings suggest that while month-on-month relief is modest, the overall trend reflects persistent upward pressure on cooking gas prices, a development affecting households nationwide.

    Image Credit: The Hope Newspaper

    Sign up for our free Daily newsletter

    We'll be in your inbox every morning Monday-Saturday with top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur.

    Related Posts

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest

    Nigeria Strengthens Bilateral Ties with Israel Across Security, Health and Technology

    Nigeria and Israel have reaffirmed their commitment to deepening diplomatic and strategic relations, with fresh talks centered on security collaboration, healthcare support, technology exchange...

    MTN Nigeria Records N5.2tn Revenue, Reinforces Role in National Growth

    MTN Nigeria has reported N5.2 trillion in service revenue for the 2025 financial year, underscoring its continued influence as a key contributor to Nigeria’s...

    AfDB, AU Renew Push for Visa-Free Travel

    The African Development Bank Group and the African Union Commission have intensified calls for visa-free travel across Africa, describing the free movement of people...

    Expert Calls For Temporary Tax Penalty Waiver To Improve Compliance

    An economist and tax consultant, Dr Ernest Abegbe, has appealed to Nigeria’s tax authorities to grant a temporary waiver on Late Returns Penalties and...

    Congo’s Export Curbs on Cobalt Expose China’s Dependence on Foreign Battery Metals

    China’s dominant role in global critical mineral supply chains is facing fresh examination after export restrictions imposed by the Democratic Republic of Congo disrupted...