The National Bureau of Statistics, (NBS), says the average price of refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) has risen to N3,921.35 in May 2022.
This was contained in the NBS Liquefied Petroleum Gas (Cooking Gas) Price Watch for May 2022 released in Abuja yesterday.
The NBS said refilling the cylinder used to cost N3,800.47 in April 2022, adding that the increase indicated a 3.18% month-on-month increase.
However, on a year-on-year basis, the average retail price of the product increased by 89.28%, from N2,071.69 in May 2021.
The report showed that the highest average price for refilling a 5kg cylinder of cooking gas was recorded in Gombe State, at N4,366.67, followed by Bayelsa, at N4,325.00, and Adamawa at N4,250.00.
On the other hand, it said Yobe recorded the lowest average price, with N3,200.00; followed by Ogun and Ondo, with N3,450.00 and N3,480.77 respectively.
The report showed that the average retail price for refilling the 5kg cylinder was highest in the South-East zone, at N4,094.39 followed by the North-Central, at N3,989.98 and South-South, at N3,977.72. “While the South-West recorded the lowest average retail price of N3,719.53”, according to the statement.
The report further said the average price for refilling a 12.5kg cylinder increased to N8,726.30 in May 2022, from N8,164.37 in April 2022, representing a 6.88% month-on-month increase.
“Similarly, on a year-on-year basis, the average retail price for refilling a 12.5kg cylinder rosr by 103.46%, from N4,288.95 in May 2021”, it said.
The report also said the States’ comparisons showed that the highest average retail price for the refilling of a 12.5kg cylinder was recorded in Abuja, the federal capital, at N9,308.00; followed by Ekiti State, at N9,209.09, and Oyo, at N9, 184.06.
However, the lowest average price for the refilling of a 12.5kg cylinder of cooking gas was recorded in Yobe with N7,500.00, followed by Kano State and Kogi at N8,175.00 and N8,200.00, respectively.
The report showed that the average retail price for refilling a 12.5kg cylinder was highest in the South-West at N8,916.10. This was followed by the South-East and South-South at N8,885.54 and N8,857.09, respectively.
The report said the North-East zone recorded the lowest price, at N8,423.44.
