The National Bureau of Statistics (NBS) yesterday revealed that the average price of Liquefied Petroleum Gas (LPG), cooking gas, crashed by 6.07 per cent from N4,642.27 in April to N4,360.69 in May 2023.
In its “Liquefied Petroleum Gas (LPG) Price watch May 2023,” it said the price rose by 11.20 per cent from N3,921.35 in May 2022 in terms of Year-on-Year.
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.
“On year-on-year, this rose by 11.20 per cent from N3,921.35 in May 2022.”
It noted that 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.
The data said 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.
It added that analysis by zone showed that the Northcentral recorded the highest average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,712.85, followed by the Northwest with N4,550.04, while the Southeast recorded the lowest with N4,078.50.
In a similar report on the Household Kerosene (HNK), NBS said 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 per cent compared to N1,160.67 recorded in April 2023.
The report explained that on a year-on-year basis, the average retail price per litre of the product rose by 77.48 per cent from N679.54 in May 2022.
The Bureau said 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.
NBS further noted that in 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.
According to the report, 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.
It said on a year-on-year basis, this increased by 78.44% from N2,358.30 in May 2022.
