SAT, JUNE 24 2023-theGBJournal |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, according to latest National Bureau of Statistics (NBS) Liquefied Petroleum Gas (Cooking Gas) Price Watch report.
However, on a year-on-year basis, the price rose by 11.20% from N3,921.35 in May 2022.
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.
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.
Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) declined by 7.61% on a month-on-month basis from N10,323.33 in April 2023 to N9,537.89 in May 2023. On a year-on-year basis, this rose by 9.30% from N8,726.30 in May 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 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.
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 N10,042.60, followed by the
South-West with N9,616.89, while the North-East recorded the lowest price with N8,908.30.
Meanwhile, the NBS National Household Kerosene Price Watch report shows that the average retail price per litre of Household Kerosene (HHK) paid by consumers in May 2023 was N1,206.05, indicating an increase of 3.91% compared to N1,160.67 recorded in April 2023.
On a year-onyear basis, the average retail price per litre of the product rose by 77.48% from N679.54 in May 2022.
On state profile analysis, the highest average price per litre in May 2023 was recorded in Adamawa with N1,788.88, followed by Abuja with N1,445.50 and Abia with N1,396.66. On the other hand, the lowest price was recorded in Edo with N972.35, followed by Kebbi with N991.04 and Zamfara with N1,018.51.
In addition, analysis by zone showed that the South-East recorded the highest average retail price per litre of Household Kerosene with N1,351.55, followed by the North-East with N1,326.45, while the North-West recorded the lowest with N1,070.06.
The average retail price per gallon of Household Kerosene paid by consumers in May 2023 was N4,208.27, showing an increase of 0.99% from N4,166.94 in April 2023. On a year-on-year basis, this increased by 78.44% from N2,358.30 in May 2022.
On state profile analysis, Lagos recorded the highest average retail price per gallon of Household Kerosene with N5,323.08, followed by Katsina with N4,919.33 and Borno with N4,824.94. On the other hand, Delta recorded the lowest price with N2,796.71, followed by Rivers and Bayelsa with N3,057.93 and N3,325.16 respectively.
Analysis by zone showed that the North-East recorded the highest average retail price per gallon of Household Kerosene with N4,540.36, followed by the North-West with N4,462.57, while the South-South recorded the lowest with N3,399.52.
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