Business

JUST IN: NBS reports sharp drop in Cooking Gas prices nationwide.

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The National Bureau of Statistics (NBS) has reported a significant decline in the national average retail price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, in August 2025. According to the data, the cost of refilling a 12.5kg cylinder fell by 21.42 percent month-on-month, dropping to N16,195.07 in August from N20,609.48 in July.

On a year-on-year basis, however, the report noted that the average price still showed a slight increase of 4.13 percent compared to N15,552.56 in July 2024.

A breakdown of the figures across states revealed that Yobe recorded the highest average retail price for a 12.5kg refill at N16,887.42, followed closely by Adamawa with N16,872.40 and Ebonyi with N16,859.17. The report added, “conversely, the lowest average price was recorded in Benue state with N15,102.50, followed by Borno and Imo with N15,176.39 and N15,177.58 respectively.

Regional analysis showed that the North-West zone recorded the highest average retail price for refilling a 12.5kg cylinder at N16,358.15, followed by the South-East at N16,344.61, while the South-West posted the lowest price at N15,865.17.

The NBS further disclosed that the average retail price for a 5kg cylinder of cooking gas also dropped sharply, recording a 22.32 percent decline month-on-month to N6,404.02 in August from N8,243.79 in July. On a year-on-year basis, the price dipped slightly by 0.40 percent compared to N6,430.02 in August 2024.

State-by-state analysis showed that Katsina had the highest average price for a 5kg refill at N6,945.21, followed by Taraba at N6,893.12 and Rivers at N6,886.49. On the other hand, Delta recorded the lowest price at N5,657.50, with Bauchi and Borno trailing at N5,721.75 and N6,070.56 respectively.

By zone, the North-West topped the price chart with an average of N6,473.63, followed by the North-East with N6,465.63, while the South-South recorded the lowest average at N6,331.29.

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