No More N1,200/kg: Traders Announce New Cooking Gas Price

• An inquiry conducted recently showed that the current cost of refilling a 12.5 kg cylinder in Lagos is N15,600
• A few gas station owners lamented the rising cost of gas and claimed that their customers were abandoning them
• The sellers said that the low turnover was having a negative impact on their families and enterprises

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Refilling cooking gas cylinders has become very expensive than it was in the previous weeks.

A new investigation has revealed that refilling a 12.5 kg cylinder in Lagos now costs N15,600, a 6 kg cylinder costs N7,800, and 1 kg costs N1,300.

As of July 13, the cost of refilling a 12.5 kg cylinder is N14,500, while a 6 kg cylinder costs N7,200, and 1 kg costs N1,200. This represents an increase from June, when the prices were N13,200 for a 12.5 kg cylinder, N6,600 for a 6 kg cylinder, and N1,100 for 1 kg.

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Prices in May were N6,600 for 6kg and N1,100 for 1kg.

Cooking gas vendors lament soaring price

Speaking with New Telegraph, several gas merchants lamented the escalating price of gas, noting that their clients were leaving due to the rising costs and challenging financial times.

They urged the government to address the issue, stating that their families and businesses were suffering due to the low turnover.

Kehinde Afolabi, a gas dealer, blamed the naira's ongoing depreciation for the rising expenses. He said rising gas costs were a result of the naira's decreasing value.

Like cooking gas vendors, buyers lament

Users also expressed dissatisfaction with the recent spate of gas price increases, stating that the inconsistency is disrupting their plans.

Commenting on the situation, Femi Bakare, who assists his mother to sell food under Mile 2 bridge in Lagos state, said:

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"Customers keep complaining about the quantity. They don't even want to know what we are going through. The cost of food price is on the increase, gas price is nothing to write home about. If prices are at least consistent in the market, that will enable us to plan."

Kate Paulo, another Nigerian, lamented that the money she receives from her husband no longer sustains her and her children after she buys food, gas, and other basic items for their home.

Dealers quote new prices for cooking gas

Legit.ng earlier reported that the price of liquified petroleum gas (LPG), also known as cooking gas, increased again after crashing in June.

In June, the price of the commodity dropped, with a 12.5 kg refill sold for N13,200, a 6 kg refill for N6,600, and 1 kg for N1,100.

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

Source: Legit.ng