Dealers Release New Cooking Gas Prices as Refilling 1kg to 50kg Gets More Expensive

• Cooking gas dealers have increased the product's price and pointed to the depreciation of the Nigerian currency as the cause
• The price of a 1kg cylinder is now N1,500, and it will take over N60,000 to fill up a 50kg cooking gas cylinder
• The new prices bring additional pressure to Nigerians, who already face several increases in the cost of living

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The price of liquified natural gas (LPG), also known as cooking gas, has once again increased amid continuous naira depreciation.

New data showed that 1kg of cooking gas prices is now sold at N1,500/kg in some retail outlets in Ogun and Lagos states.

In Abuja, the average price for refilling a 12.5kg cooking gas cylinder has increased by 41.6% to N17,000 in different areas, Punch reports.

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During a market survey, some dealers who spoke to Legit.ng on Monday, October 14, confirmed the price adjustments.

Rukiyat Lekan, a manager of a cooking gas plant confirmed the new prices in a chat with Legit.ng:

She said:

"We sell based on what we get from marketers. I have explained the changes to my customers."

She listed the new prices as follows:

• 1kg- N1,500
• 2kg- N2,600
• 3kg- N3,900
• 4kg- N5,200
• 6kg - N8,150
• 10kg- N13,0000
• 12.5kg - N16,200
• 16kg - N19,500
• 20kg - N26,000
• 25kg- N32,500
• 50kg- N65,000

States with highest cooking gas prices

In August 2024, the National Bureau of Statistics revealed state residents that paid the highest prices for cooking gas.

States with the highest average prices

• Rivers: N17,086.36
• Cross River: N17,050.00
• Abia: N17,012.52

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States with the lowest average prices

• Bauchi: N13,425.00
• Nassarawa: N13,640.94
• Adamawa: N13,725.00

Marketers identify cabal behind the rising price of cooking gas

Legit.ng previously reported that Cooking gas marketers under the Nigerian Association of Liquified Petroleum Gas Marketers (NALPGAM) have accused the Liquified Petroleum Gas (LPG) terminal operators of causing the country's high cooking gas cost.

Oladapo Olatubosun, the association's president, disclosed this when they met the Senate Committee on Gas in the company of the group members.

Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.

Source: Legit.ng