Dealers Announce New Cooking Gas Prices, Refilling from 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.
Source: Getty Images
New data showed that 1 kg of cooking gas prices is now sold at N1,500/kg in some Ogun and Lagos States retail outlets.
In Abuja, the average price for refilling a 12.5kg cooking gas cylinder has increased 41.6% to N17,000 in different areas, Punch reports.
During a market survey, some dealers who spoke to Legit.ng on Monday, October 14, confirmed the price adjustments.
They complained that their marketers complained that the price change was due to the depreciation of the naira.
Rukiyat Lekan, a manager of a cooking gas plant, 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 the highest cooking gas prices
In August 2024, the National Bureau of Statistics revealed that state residents 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
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.
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Source: Legit.ng
