The National Bureau of Statistics has said the average price of Liquefied Petroleum Gas also known as cooking gas fell further last month.
In its Liquefied Petroleum Gas Price Watch May 2023, the bureau said the price of filling a 5kg cylinder dropped by 6.07 per cent to N4,360 in May from N4,642 in April.
However, the price rose by 11.20 per cent year–on–year from N3,921.35 in May 2022.
The report said, “The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) declined by 6.07 per cent on a month-on-month basis from N4,642.27 recorded in April 2023 to N4,360.69 in May 2023.s
“On a year-on-year basis, this rose by 11.20 per cent from N3,921.35 in May 2022.”
It also noted that on state profile analysis, Bayelsa recorded the highest average price for refilling a 5kg cylinder with N5,016, followed by Zamfara with N5,000 and Abuja with N4,900.
Also, the average retail price for refilling a 12.5kg cylinder of cooking gas declined by 7.61 per cent on a month-on-month basis from N10,323 in April to N9,538 in May.
(Upshotreporters)