Average price of 5kg cooking gas at ?4,115.32 in August – NBS

According to reports, August 2023 price represented a 1.04 increase, compared to what was obtained in July 2023.The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from ?4,072.87 recorded in July to ?4,115.32 in August 2023.This is contained in the Bureau’s “Cooking Gas Price Watch’’ for August 2023 released on Monday in Abuja. The report said the August 2023 price represented a 1.04 increase, compared to what was obtained in July 2023. However, the average price of 5kg of cooking gas decreased on a year-on-year basis by 7.66% from ?4,456 recorded in August 2022 to ?4,115.32 in August 2023. On state profile analysis, the report showed that Kwara recorded the highest average price at ?4,816.67 for 5kg cooking gas, followed by Benue at ?4,766.67, and Zamfara at ?4,756.25. It said on the other hand, Ondo recorded the lowest price at N3,299.29, followed by Ekiti and Nasarawa at ?3,330.00 and ?3,533.33 respectively. Analysis by zone showed that the North-Central recorded the highest average retail price at ?4,501.26, followed by the North-West at ?4,340.50