Average price of 5kg cooking gas drops to N4,360.69 in May – NBS

Recent figures have shown that the average price of 5kg of cooking gas reduced from N4,642 recorded in April 2023 to N4,360 in May 2023.

This is contained in the “Cooking Gas Price Watch’’ by the National Bureau of Statistics (NBS), for May 2023 released in Abuja.

The report said the May 2023 price represented a 6.07% increase, compared to what was obtained in April 2023.

It said on a year-on-year basis, the increase was 11.20 per cent from N3,921.35 recorded in May 2022.

The report said the average retail price for refilling a 12.5kg cooking gas reduced by 7.61 per cent on a month-on-month basis from N10,323.33 in April 2023 to N9,537.89 in May 2023.

“On a year-on-year basis, this rose by 9.30 per cent from N8,726.30 recorded in May 2022 to N9,537.89 in May 2023.”

State profile analysis showed that Cross River recorded the highest average retail price of N11,083.33 for 12.5kg cooking gas, followed by Jigawa at N10,975.00 and Akwa Ibom at N10,174.29.

On the other hand, the report showed that the lowest average price of 12.5kg of cooking gas was recorded in Adamawa at N7,925.00, followed by Zamfara and Borno at N8,128.57 and N8,200.00, respectively.


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