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According to the Liquified Petroleum Gas (LPG)/Cooking Gas Price Watch of the National Bureau of Statistics (NBS), the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) fell by 6.10% month-on-month from N7,418.45 in May 2024 to N6,966.03 in June 2024. However, it rose by 71.23% year-on-year when compared to N4,068.26 in June 2023. Zonal analysis revealed that the South-West region had the highest average retail price for refilling a 5kg cylinder of cooking gas at N7,241.67, followed by the North-Central at N7,096.51, with the North-West having the lowest at N6,660.20. At the state level, Osun recorded the highest average price at N7,800.00, followed by Edo at N7,750.00 and Ebonyi at N7,590.79. Conversely, Yobe had the lowest price at N6,062.50, with Jigawa at N6,144.44 and Anambra at N6,338.75. The month-on-month decline in prices can be attributed to the ban by the federal government on the export of cooking gas which has increased the volume available in the domestic market
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