Average price of 5kg cooking gas drops to N4,360 in May – NBS

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By Ogaga Ariemu

The National Bureau of Statistics says the average price of 5kg of cooking gas dropped from N4,642.27 recorded in April 2023 to N4,360.69 in May 2023.

NBN disclosed this in its recent “Cooking Gas Price Watch’’ for May 2023.

The report said the May 2023 price represented a 6.07 per cent decrease compared to what was obtained in April 2023.

However, yearly, the figure represented 11.20 per cent of the N3,921.35 recorded in May 2022.

On a state-by-state analysis, the report showed that Bayelsa recorded the highest average price of N5,016.67 for 5kg Cooking Gas, followed by Zamfara at N5,000.00 and Abuja at N4,900.00.

On the other hand, Ondo recorded the lowest price at N3,795.83, followed by Nasarawa and Edo at N3,800.00 and N3,837.14, respectively.

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