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Prices of 12.5 kg cooking gas decline 7.6% in May to N9,537 ~NBS

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By Samuel Bankole

The cost of refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (LPG) also known as Cooking Gas declined by 7.61 percent to N9,537.89 in May compared with N10,323.33 in April.

According to the National Bureau of Statistics (NBS) latest data, on a year-on-year basis, the cost of refilling 12kg cylinder rose by 9.30 percent from N8,726.30 in May 2022.

The report stated that the average retail price for refilling a 5kg cylinder of LPG declined by 6.07 percent on a month-on-month basis to N4,360.69 in May from N4,642.27 recorded in April 2023.

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

On the 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.

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.

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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 N4,712.85, followed by the North-West with N4,550.04, while the South-East recorded the lowest with N4,078.50.

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) declined by 6.07 percent 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 percent from N3,921.35 in May 2022. On the 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. 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.

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 N4,712.85, followed by the North-West with N4,550.04, while the South-East recorded the lowest with N4,078.50.

On the 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 N11,083.33, followed by Jigawa with N10,975.00 and Akwa Ibom with N10,174.29.

Conversely, the lowest average price was recorded in Adamawa with N7,925.00, followed by Zamfara and Borno with N8,128.57 and N8,200.00 respectively.

Analyses 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 N10,042.60, followed by the South-West with N9,616.89, while the North-East recorded the lowest price with N8,908.30.

(omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138

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