Cooking gas price fell by 6.07% in May — NBS

The National Bureau of Statistics (NBS) has stared the average price of Liquefied Petroleum Gas (LPG) aka cooking gas crashed by 6.07% from the N4,642.27 in April 2023 to N4,360.69 in May 2023.

In its “Liquefied Petroleum Gas (LPG) Price watch May 2023,” it said the price rose by 11.20% from N3,921.35 in May 2022 in terms of Year – on – Year.

The report said, “The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) declined by 6.07% on a month-on-month basis from N4,642.27 recorded in April 2023 to N4,360.69 in May 2023.

On a year-on-year basis, this rose by 11.20% from N3,921.35 in May 2022.”

It also noted that on state profile analysis, Bayelsa recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N5,016.67, followed by Zamfara with N5,000.00 and Abuja with N4,900.00.

The data said on the other hand, Ondo recorded the lowest price with N3,795.83, followed by Nasarawa and Edo with N3,800.00 and N3,837.14 respectively.

It added that analysis by zone showed that the North-Central recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,712.85, followed by the North-West with N4,550.04, while the South-East recorded the lowest with N4,078.50.