Consumers pay an average N4,068.26 for 5kg cooking gas in June, says NBS
The National Bureau of Statistics (NBS) on Tuesday revealed that consumers pay an average of N4,068.26 retails price for 5kg of a cylinder of Liquefied Petroleum Gas also called cooking gas in June.
This is a 6.71 per cent decline from N4,360.69 per 5kg in May 2023.
NBS in its “Liquefied petroleum gas (cooking gas) price watch” stated that the price is a decline of 3.56 per cent Year-on-Year basis from N4,218.38 in June 2022.
The report said: “On state profile analysis, Kwara recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,750.00, followed by Niger with N4,691.16, and Zamfara with N4,683.33.
“On the other hand, Ondo recorded the lowest price with N3,287.86, followed by Ekiti and Nasarawa with N3,288.46 and N3,364.62 respectively.
“In addition, 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 N4,421.97, followed by the North-West with N4,260.30, while the South-West recorded the lowest with N3,709.16.
“Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) decreased by 4.35per cent on a month-on-month basis from N9,537.89 in May 2023 to N9,123.25 in June 2023. On a year-on-year basis, this fell by 3.82per cent from N9,485.91 in June 2022.
“On state profile analysis, Cross River recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N10,096.43, followed by Ogun with N9,875.63 and Anambra with N9,833.33. Conversely, the lowest average price was recorded in Adamawa with N7,500.00, followed by Zamfara and Borno with N7,928.57 and N8,000.00 respectively.
“Analysis by zone showed that the South-South recorded the highest average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N9,500.61, followed by the South – West with N9,311.89, while the North-East recorded the lowest price with N8,576.14.”
