MON, DECEMBER 24 2018-theG&BJournal-The market price of Liquefied Petroleum Gas (LPG) fell by -2.28% to N2,084.74 in November (month-on-month) according to the latest National Bureau of Statistics (NBS) data. The decrease also reflects a -12.33% year-on-year decrease in November from N2,145.30 in October 2018.
It is not clear if the decrease is influenced by the latest development in the international oil market rates and the stability of the Naira.
The cost of a 5kg cylinder gas averaged Akwa Ibom (N2,350.68), Abia (N2,300.50) and Bauchi (N2,300.), the three states with the highest average price for LPG.
States with the lowest average price for the refilling of a 5kg cylinder for LPG were Lagos (N1,954.55), Kwara (N1,945.45) and Ebonyi (N1,908.33). S
imilarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -4.59% month-on-month and -6.61% year-on-year to N4,242.26 in November 2018 from N4,446.19 in October 2018.
States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Akwa Ibom (N5,000.00), Abia (N4,618.75) and Anambra (N4,578.95). States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Osun, (N4033.33), Bauchi & Edo (N4,025.00) and Oyo (N4,000.00).
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