The National Bureau of Statistics has said the price of Liquefied Petroleum Gas, known as cooking gas, increased by 13.75 percent to N7,418.45 for 5 kilograms in May 2024 from N6,521.58 in April. NBS disclosed this in its recently released LPG Price Watch in May.
Similarly, on a year-on-year basis, the price of LPG increased by 70.12 percent from N4,360.69 in May 2023. According to the report, on state profile analysis, Benue recorded the highest price for refilling a 5kg cylinder of cooking gas with N8,012.03, followed by Enugu with N7,926.21, and Ondo with N7,857.53. Conversely, Yobe recorded the lowest price with N5,842.31, followed by Jigawa and Katsina with N6,521.81 and N6,567.95 respectively.
In addition, analysis by zone showed that the South-East recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas with N7,680.87, followed by the South-West with N6,593.93 while the North-East recorded the low est with N7,071.84. Meanwhile, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas dropped by 0.07 percent on a month-on-month basis from N15,637.74 in April 2024 to N15,627.40 in May 2024.
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