The National Bureau of Statistics (NBS) has reported a drop in the prices of refilling 5 kg and 12 kg cylinders of Liquefied Petroleum Gas (Cooking Gas) in May 2023.
The average retail price for refilling a 5 kg cylinder of Cooking Gas decreased by 6.07% on a month-on-month basis, going from N4,642.27 in April 2023 to N4,360.69 in May 2023.
However, when compared to May 2022, the price of refilling a 5 kg cylinder of Cooking Gas increased by 11.20% in May 2023. It was sold at N3,921.35 in May 2022.
The average price for refilling a 12.5kg cylinder of Cooking Gas decreased to N9,537.89 in May 2023. This represents a 7.61% decline from the April 2023 price of N10,323.33.
However, compared to May 2022, the price of refilling a 12.5kg cylinder of Cooking Gas increased by 9.30% in May 2023. It was sold at N8,726.30 in May 2022.
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The most expensive states for refilling a 5 kg cylinder of Cooking Gas, according to the NBS, are as follows:
- Bayelsa – N5,016.67
- Zamfara – N5,000.00
- Abuja – N4,900.00
The states with the lowest prices for refilling a 5kg cylinder of Cooking Gas are:
- Ondo – N3,795.83
- Nasarawa – N3,800.00
- Edo – N3,837.14
The analysis of 5kg cylinder refilling prices by zone is as follows:
- North-Central – N4,712.85 (highest)
- North-West – N4,550.04
- South-East – N4,078.50 (lowest)
The analysis of Cooking Gas prices for a 12.5 kg cylinder are categorized as highest and lowest prices and their regions.
The highest prices for refilling a 12.5kg cylinder of Cooking Gas are as follows:
- Cross River – N11,083.33
- Jigawa – N10,975.00
- Akwa Ibom – N10,174.29
The lowest prices for refilling a 12.5kg cylinder of Cooking Gas are as follows:
- Adamawa – N7,925.00
- Zamfara – N8,128.57
- Borno – N8,200.00
The analysis of 12.5kg cylinder refilling prices by zone is as follows:
- South-South – N10,042.60 (highest)
- South-West – N9,616.89
- North-East – N8,908.30 (lowest)
