Toba Owojaiye reporting
The National Bureau of Statistics reported that the retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) witnessed a decline of 6.71 percent on a month-on-month basis, dropping to N4,068 in June 2023 from N4,361 in May 2023.
On a year-on-year comparison, it decreased by 3.56 percent from N4,218 in June 2022.
In terms of state profiling, Kwara state had the highest average price for refilling a 5kg cylinder at N4,750, followed by Niger with N4,691, and Zamfara with N4,683. On the other hand, Ondo recorded the lowest price at N3,288, followed by Ekiti and Nasarawa with N3,288 and N3,365, respectively.
The NBS also revealed that the North-Central zone had the highest average retail price for refilling a 5kg cooking gas at N4,422, while the North-West came next with N4,260, and the South-West had the lowest at N3,709.
Moving on to the 12.5kg cooking gas, the average retail price decreased by 4.35 percent on a month-on-month basis, amounting to N9,123 in June 2023 compared to N9,5378 in May 2023. On a year-on-year basis, it fell by 3.82 percent from N9,486 in June 2022.
Cross River state recorded the highest average retail price for the refilling of a 12.5kg cooking gas at N10,096, followed by Ogun state with N9,876, and Anambra state with N9,833. Conversely, the lowest average price was recorded in Adamawa state with N7,500, followed by Zamfara and Borno states with N7,929 and N8,000, respectively.
This comes as a relief to the masses in light of the fuel price hike.