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

Executive Summary

The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 0.22% on a month-on-month basis from N4,600.57 recorded in February 2023 to N4,610.48 in March 2023. On a year-on-year basis, this rose by 22.03% from N3,778.30 in March 2022. On State profile analysis, Kwara recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N4,962.87, followed by Abuja with N4,940.00, and Adamawa with N4,915.00. On the other hand, Rivers recorded the lowest price with N4,204.45, followed by Abia and Anambra with N4,220.15 and N4,232.75 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 N4,872.20, followed by the North-West with N4,651.93, while the South-East recorded the lowest with N4,441.55. Also, the average retail price for refilling a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 0.09% on a month-on-month basis from N10,253.39 in February 2023 to N10,262.56 in March 2023. On a year-on-year basis, this rose by 34.72% from N7,617.71 in March 2022. 

Data source: National Bureau of Statistics

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