LPG, kerosene consumer prices drop year-on-year

Consumer prices of Liquefied Petroleum Gas (LPG/cooking gas), and national Household Kerosene dropped year-on-year in tandem with the declining inflation level in the Nigerian economy.

The average price for the refilling of a 5kg cylinder of LPG, according to latest data from the National Bureau of Statistics (NBS), decreased by 8.17 per cent year-on-year to N2,034.93 in June, from N2,072.24 in May, with a 1.80 per cent drop month-on-month.

Similarly, the average price per litre paid by consumers for Kerosene, decreased by 0.22 per cent month-on-month, and 2.64 per cent year-on-year, to N279.67 in June from N280.29 in May 8.

States with the highest average price for the refilling of a 5kg cylinder for LPG were Bauchi (N2,500.06), Borno (N2,465.33), and Gombe (N2,360.95). States with the lowest average price for the refilling of a 5kg cylinder for LPG were Abuja (N1,795.00), Kaduna (N1,716.67), and Ebonyi (N1,699.66).

Similarly, average price for the refilling of a 12.5kg cylinder LPG decreased by 0.46 per cent month-on-month and 4.38 per cent year-on-year to N4,278.95 in June from N4,298.72 in May.

States with the highest average price for the refilling of a 12.5kg cylinder for LPG were Benue (N4,900.21), Kaduna (N4,750.00), and Cross River (N4,650.00).

States with the lowest average price for the refilling of a 12.5kg cylinder cooking gas were Oyo (N3,831.94), Ogun (N3,809.09), and Lagos(N3,613.04).

Also, states with the highest average price per litre of kerosene were Abuja (N319.44), Yobe (N309.52), and Enugu (N309.17).

States with the lowest average price per litre of kerosene were Kogi (N243.52), Borno (N235.01), and Abia (N226.67)

Similarly, average price per gallon paid by consumers for kerosene increased by 2.10 per cent month-on-month and 0.93 per cent year-on-year to N1004.29 in June
from N983.67 in May.

States with the highest average price per gallon of kerosene were Adamawa (N1175.00), Jigawa (N1147.50), and Kano (N1103.08).

States with the lowest average price per litre of kerosene were Oyo (N903.33), Delta (N891.92), and Rivers (N890.74).