Liquefied Petroleum Gas (Cooking Gas) Price Watch (January 2023)

Executive Summary

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 0.51% on a month-on-month basis from N4,565.56 recorded in December 2022 to N4,588.75 in January 2023. On a year-on-year basis, this rose by 25.46% from N3,657.57 in January 2022. On state profile analysis, Kwara recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,962.50, followed by Plateau with N4,945.50, and Adamawa with N4,936.67. On the other hand, Enugu recorded the lowest price with N4,119.23, followed by Anambra and Rivers with N4,183.14 and N4,210.00 respectively.
In addition, analysis by zone showed that the North-Central recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,859.60, followed by the North-West with N4,616.66, while the South-East recorded the lowest with N4,408.99. Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 0.28% on a month-on-month basis from N10,248.97 in December 2022 to N10,277.17 in January 2023. On a year-on-year basis, this rose by 38.63% from N7,413.25 in January 2022. On state profile analysis, Benue recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N11,260.67, followed by Cross River with N10,833.33 and Ebonyi with N10,763.57. Conversely, the lowest average price was recorded in Yobe with N9,550.00, followed by Taraba and Gombe with N9,845.00 and N9,850.00 respectively. 

Data source: National Bureau of Statistics

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