Energy - Intelpoint

As of December 2024, Taraba State (₦20,290.8) recorded the highest average price for 12.5kg cooking gas

Key Takeaways:

The average price for 12.5kg cooking gas varies between ₦15,000 and ₦20,300
The average price difference of cooking gas among Nigerian states is 28.97%
Four out of the six states in the Southwest region are among the top 20 Nigerian states with the highest average cooking gas prices
Nine out of Nigeria's 36 states plus Abuja have an average price for 12.5kg cooking gas that exceeds ₦18,000
Taraba State stands out as the only state in Nigeria with an average cooking gas price surpassing ₦20,000
The national average price of 12.5kg cooking gas in Nigeria is ₦17,274.16

Average cost of 5kg cooking gas in Nigeria as of December 2024 – Top 20 states

Key Takeaways:

The average price for 5kg cooking gas ranges from ₦6,000 to ₦8,100.
The price difference of cooking gas between various Nigerian states is 25.09%.
Out of Nigeria's 36 states plus Abuja, fifteen have an average price for 5kg cooking gas above the national average.
Taraba State is uniquely positioned as the sole state in Nigeria with an average cooking gas price above ₦8,000.
The national average cost for 5kg cooking gas in Nigeria is ₦7,177.27.

Nigeria: Cooking gas prices hit record high in 2024, 3.7x the price in 2016

The average price of cooking gas in Nigeria has increased significantly, from ₦370 per kg in early 2016 to ₦1,390 per kg in June 2024. After prices peaked at nearly ₦1,500 in May 2024, they fell by 6.1% in June. The contributing factors to the increase include global energy fluctuations, naira depreciation, supply chain disruptions, and changes in domestic policies. Here are the average prices of cooking gas in Nigeria since 2016.

Top ten states by the average cost of cooking gas as of October 2021

According to data from the National Bureau of Statistics, Oyo State has the highest cost of 12.5kg of cooking gas as of October 2021.

The average price of cooking gas in Nigeria over a 24-month period

In October 2021, the average price of 12.5kg cooking gas in Nigeria increased by 62.76% in October 2021 compared to October 2020. Between August 2021 and October 2021, the price increased by 47%.