12.5KG LPG RETAIL PRICE INCREASED BY 37.67% BETWEEN FEBRUARY 2022 AND 2023.

12.5KG LPG RETAIL PRICE INCREASED BY 37.67% BETWEEN FEBRUARY 2022 AND 2023.

This report is based on information collected from our online LPG in Nigeria community on Facebook and Twitter. According to our research, there appears to be a significant rise in LPG prices in Southeast states, with those states experiencing record high prices for 12.5kg cooking gas refills in February 2023. Twenty people responded online to our query about how much they paid for 12.5kg LPG in their area, which helped us compile the data below.

LPG Prices In Nigeria: 

Highest LPG Prices

CITIES

PRICES (₦)

Lagos  10,000

Lagos  10,625

Port Harcourt  10,000

Oyo  11,250

Akwa Ibom  10,879

Cross River  10,803

Anambra  10,768

Katsina  9,750

Jos  9,750

Sapele  9,625

Gombe  9,766

Borno  9,857

 

According to the statistics presented above, Nigerians in Lagos, Anambra, Cross River, Oyo, Akwa Ibom, and Port Harcourt paid more than ₦10,000 for 12.5kg of cooking gas in February 2023. A comparison of LPG purchase rates in Lagos for January and February revealed a 3.666% increase, while Port Harcourt saw a 5.26% increase. According to the National Bureau of Statistics (NBS), 12.5kg refill costs increased by 37.67% between February 2022 at ₦7,447.79 and February 2023 at ₦10,253.39.

Lowest LPG Prices

CITIES

PRICES (₦)

Akure  9,000

Abuja  9,300

Shagamu/Ogun  9,000

Apata/Ibadan  8,750

Ekiti  9,375

Akure  8,875

Ijebu  8,875

Yobe  9,580

 

According to the report, some other places had low prices. Apata-Ibadan had an average of ₦8,750, Ijebu and Akure had ₦8,875, and Akure and Shagamu had ₦9,000. In January we calculated the average 12.5 kg refill to be ₦10,036 while the average for February is ₦9,840. As a result, the percentage shift between January and February average prices is 1.95% lower.

• Lpg
• prices
• lpg prices
• february
• oil and gas
• Nigeria