The National Bureau of Statistics (NBS) reported on Monday that 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.
The Bureau, in its ‘Liquefied Petroleum Gas (Cooking Gas) Price Watch (May 2023)’ posted on its website, however, inddicated that on a year-on-year basis, the commodity’s price increased by 11.20% from N3,921.35 that consumers paid for it May 2022.
When analyzed on state-by-state basis, Bayelsa consumers paid 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 while Ondo buyers paid the lowest price for the commodity with N3,795.83, followed by Nasarawa and Edo with N3,800.00 and N3,837.14 respectively.
The LPG Price Watch reflected that on zonal basis, 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.
Meanwhile, the Bureau also reported in its ‘National Household Kerosene Price Watch (May 2023)’that the average retail price per litre of Household Kerosene (HHK) paid by consumers in May 2023 was N1,206.05, representing an increase of 3.91% compared to N1,160.67 recorded in the preceding month.
The statistics agency indicated in the report that on a year-on-year basis, the average retail price per litre of the product rose by 77.48% from N679.54 in May 2022.
It further clarified that on state-by-state 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.
Similarly, the Kerosene Price Watch in May reflected that on zonal basis, 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 report showed that 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.
The National Bureau of Statistics (NBS) reported on Monday that 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.
The Bureau, in its ‘Liquefied Petroleum Gas (Cooking Gas) Price Watch (May 2023)’ posted on its website, however, inddicated that on a year-on-year basis, the commodity’s price increased by 11.20% from N3,921.35 that consumers paid for it May 2022.
When analyzed on state-by-state basis, Bayelsa consumers paid 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 while Ondo buyers paid the lowest price for the commodity with N3,795.83, followed by Nasarawa and Edo with N3,800.00 and N3,837.14 respectively.
The LPG Price Watch reflected that on zonal basis, 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.
Meanwhile, the Bureau also reported in its ‘National Household Kerosene Price Watch (May 2023)’that the average retail price per litre of Household Kerosene (HHK) paid by consumers in May 2023 was N1,206.05, representing an increase of 3.91% compared to N1,160.67 recorded in the preceding month.
The statistics agency indicated in the report that on a year-on-year basis, the average retail price per litre of the product rose by 77.48% from N679.54 in May 2022.
It further clarified that on state-by-state 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.
Similarly, the Kerosene Price Watch in May reflected that on zonal basis, 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 report showed that 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.
