Cooking gas price rose by 69% in August 2024 - Thepodiummedia

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Post published:September 23, 2024
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The average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 69.15% from N9,194.41 in August 2023 to N15,552.56 in August 2024, on a year-on-year basis.

According to the national bureau of statistics, It also increased by 9.05% on a month-on-month basis from N14,261.57 in July 2024.

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 56.25% in August 2024, from N4,115.32 to N6,430.02 on a year-on-year basis.

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On a month-on-month basis, it increased by 7.62% from N5,974.55 recorded in July 2024 to N6,430.02 in August 2024.

“On state profile analysis, Benue and Sokoto recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N7,000.00, followed by Rivers with N6,954.55, and Borno with N6,914.29.

“On the other hand, Taraba recorded the lowest price with N5,600.67, followed by Abuja and Kogi with N5,825.00 and N5,857.56 respectively. In addition, analysis by zone showed that the South-East recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied

Petroleum Gas (Cooking Gas) with N6,585.18, followed by the South-South with N6,451.34 while the North-Central recorded the lowest with N6,344.29.

“Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 9.05% on a month-on-month basis from N14,261.57 in July 2024 to N15,552.56 in August 2024. On a year-on-year basis, this rose by 69.15% from N9,194.41 in August 2023.

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“On state profile analysis, Rivers recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N17,086.36 followed by Cross River with N17,050.00 and Abia with N17,012.52. Conversely, the lowest average price was recorded in Bauchi with N13,425.00, followed by Nassarawa and Adamawa with N13,640.94 and N13,725.00 respectively.”

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Morak Babajide-Alabi is a graduate of Mass Communication with a Master of Arts Degree in Journalism from Napier University, Edinburgh, United Kingdom. He is an experienced Social Media practitioner with a strong passion for connecting with customers of brands.

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He had a successful media practice at The Guardian, Punch and This Day.

He started his brand management career at Owena Bank as Media Relations Manager before joining Prudent Bank (now Polaris Bank) as the pioneer Head of Corporate Affairs.

The British Council appointed him as Head of Communication and Marketing to co-ordinate branding and reputation management activities at its Lagos, Abuja, Kano and Port Harcourt offices.

In 2007, he was recruited as the Head of Corporate Planning and Strategy for the Nigerian Aviation Handling company. He led on the branding, strategic planning and stakeholder management support function.

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Ademola obtained a M.Sc. Degree in Digital Marketing & Web Analytics from Dublin Institute of Technology in 2016, and the Master of Communication Arts degree of the University of Ibadan in 1997. He had previously obtained a Higher National Diploma (with Upper Credit) in Mass Communication from Ogun State Polytechnic, Abeokuta.

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He has benefitted from several domestic and international training programmes on Brand Management, Corporate Communications, Change Management and Organizational Strategy.

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