Business Hilights
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Availability meets demand, drags down price of cooking gas in Nigeria

Strong indications have emerged suggesting that the massive awareness on the beauty of clean energy use in domestic cooking in Nigeria have started yielding results as more Nigerians both in urban and rural settings are now shifting to use of cooking gas as their means of food preparation.

Besides, calculations and comparism made by Business Hilights Intelligence Unit (BHIU) between fuel-wood, charcoal and other forms of dirty cooking fuels and gas showed that apart from being better and cleaner, gas is now cheaper and more effective.

Already, the average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -2.34% month-on-month and by -5.76% year-on-year to N4,124.20 in September 2019 from N4,223.08 in August 2019, largely due to the adoption of LPG in any households.

According to operators, the LPG market is growing exponentially and increasingly being embraced by Nigerians, as such, the number of households that have embraced LPG has increased compared to the past five years.

Checks showed that states with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Akwa Ibom (N4,685.05), Benue (N4,600.00) and Cross River (N4,565.32).

Details from the national Bureau of Statitsics showed further that states with the highest average price per gallon of kerosene were Gombe (N1,441.67), Borno (N1,400.00) and Adamawa (N1,375.44).

States with the lowest average price per gallon of kerosene were Bayelsa (N1,065.45), Delta (N1,100.38) and Osun (N1,103.53).

Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -1.21% month-on-month and -6.23% year-on-year to N1,976.11 in September 2019 from N2,000.34 in August 2019.

States with the highest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Bauchi (N2,481.88), Borno (N2,382.29) and Adamawa (N2,375.66).

States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Abuja (N1,680.00), Ebonyi (N1,700.00) and Osun (N1,711.46).