The National Bureau of Statistics (NBS) says the average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased on a year-on-year basis, by 70.12% to N7,418.45 in May 2024, from the N4,360.69 recorded in May 2023.
NBS in its May Price Watch Report released on Thursday said, the retail price, however, increased by 13.75% on a month-on-month basis from N6,521.58 recorded in April 2024 to N7,418.45 in May 2024.
The Bureau said, on state profile analysis, Benue recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N8,012.03, followed by Enugu with N7,926.21, and Ondo with N7,857.53.
On the other hand, it said, Yobe recorded the lowest price with N5,842.31, fol lowed 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 (Cooking 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.
NBS also said, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) declined by 0.07% on a month-on-month basis from N15,637.74 in April 2024 to N15,627.40 in May 2024. On a year-on-year basis, this rose by 63.85% from N9,537.89 in May 2023.
On state profile analysis, Zamfara recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N18,369.33, followed by Bayelsa with N17,772.21 and Abia with N17,538.02.
Conversely, the lowest average price was recorded in Bauchi with N13,076.43, followed by Ebonyi and Taraba with N13,788.09 and N13,860.31 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 N16,310.02, followed by the North-West with N15,991.13 while the North-East recorded the lowest price with N15,010.62.
