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Cooking Gas Prices Decrease In Nigeria

Cooking Gas Prices Decrease In Nigeria 

Cooking gas costs have decreased by 6.07% when compared to the previous month’s numbers.

By Omotayo Olutekunbi

The National Bureau of Statistics (NBS) has published the “Cooking Gas Price Watch” for May 2023, demonstrating a decrease in the average price of a 5kg cooking gas canister. According to the data, the average price fell from 4,642.27 in April 2023 to 4,360.69 in May 2023.

This decline shows a 6.07% decrease from the previous month’s data. However, compared to May 2022, the average price has increased by 11.20% from $3,921.35.

When the data was broken down by state, the NBS discovered that Bayelsa had the highest average price of 5,016.67 for a 5kg cooking gas canister. Zamfara reported an average price of 5,000.00, while Abuja reported a price of 4,900.00.

On the opposite end of the scale, Ondo had the lowest average price of $3,795.83. Nasarawa and Edo came in second and third, with prices of 3,800.00 and 3,837.14, respectively.

The NBS research gives useful insights into the changes in cooking gas costs nationwide, providing consumers and stakeholders with critical decision-making information.

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