Business News of Tuesday, 3 June 2025

Source: www.legit.ng

Dealers adjust cooking gas price as 5kg cylinder, others sell for new price

The photo used to illustrate the story The photo used to illustrate the story

The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (LPG) increased by 7.69% month-on-month, from N7,322.49 in March 2025 to N7,885.60 in April 2025, indicating that the cost of cooking gas is still rising substantially throughout Nigeria.

This is according to the National Bureau of Statistics' (NBS) most recent report, Liquefied Petroleum Gas (Cooking Gas) Price Watch, which was published on Monday, 2nd June.

The increases were even higher for larger cylinders. In the same period, the average cost of refilling a 12.5kg cylinder rose by 9.82%, from N18,456.24 in March to N20,268.06 in April.

The price of the 5kg refill increased by 20.92%, rising from N6,521.58 in April 2024. Over the same period, the price of the 12.5kg cylinder rose by 29.61%, from N15,637.74 in April 2024.

Niger (N7,006.15), Plateau (N7,014.87), and Kebbi (N7,032.11) had the lowest average retail prices, while the South-South zone had the highest at N8,447.78, followed by the South-East at N8,351.29. The North-Central zone had the lowest regional average at N7,432.22, according to the NBS report.

Rivers State recorded the highest average retail price for refilling a 5kg cylinder in April 2025 at N9,103.82, followed closely by Ebonyi (N8,867.24) and Akwa Ibom (N8,655.59).

Imo State had the highest average price for the 12.5kg cylinder, at N22,938.73, followed by Delta (N22,831.70) and Rivers (N22,759.56). Kebbi (N18,080.27), Nasarawa (N18,106.85), and Kwara (N18,173.67) had the lowest average prices.

With an average price of N21,536.12, the South-South zone dominated once again, closely followed by the South-East (N21,528.23). The North-Central zone had the lowest average at N19,330.55. Concerns over affordability are being raised due to the ongoing increase in cooking gas costs, particularly for low-income households that depend on LPG for everyday cooking needs.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has disclosed how the drop in petrol prices is pushing down the cost of cooking gas prices. Legit.ng earlier reported that the price for refilling a 12.5kg cylinder dropped to N13,000 from N17,500 in some places.

The development means 1kg of cooking gas now sells for about N1,050 on average. However, in some filling stations, 1kg of cooking gas is sold below N1,100 and N1,150, relative to N1,200 and N1,400 it sold previously.