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The price of cooking gas has declined sharply, selling between N950 to N1,300 per kilogram across different regions....CONTINUE READING THE ARTICLE FROM THE SOURCE>>>
A market survey carried out by Legit.ng showed that the price of 1kg gas was now N1,300 at retail stores. This is a significant decline from the N1,500 which it sold about a month ago.
However, some traders claimed that they were able to buy the product at a more discounted price at some filling station stores for as low as N1,100 per kg.
Kafayat Komolafe said: “This morning, I went to refill and to my surprise, the price had reduced drastically to N1,300. The last time I filled was about 2 months ago at N1,500.”
Idaya Folorunsho noted that she went to refill her gas cylinder as soon as she heard the price had been reduced.
“You know this is Nigeria. When things go down, we just have to seize the opportunity because we don’t know what will happen tomorrow.”
When asked if the price could go less than N1,300 for customers who are filling as much as 10kg and above, a trader said,
“We sell directly to consumers and it is whatever we buy that we will sell. Those who claim they bout at a cheaper rate less than N1,300 per kg probably bought at filling stations where they sell at wholesale prices. But you can’t compare us to those people with big tanks.”
Ikenna Peter said,
“In this country, we are our own problems. How can some people be selling cooking gas for 1,300 per kg and then you go to other places to buy for N1,150? Not everything is about the government, we the people – especially traders – also need to check ourselves and do things with the fear of God.”
Meanwhile, Kunle Ajami, a manager of a cooking gas plant in Lagos, told Legit.ng that the price adjustment started a month ago.
“There is a massive drop compared to what people were paying last year. We sell cooking gas based on how we buy from marketers. If the price is high, we adjust.”
In some places like Kaduna however, cooking gas prices reportedly dropped to as low as N950 per kg.
Dealers announce gas prices in Lagos, other areas
Legit.ng reported that the Nigeria Bureau of Statistics (NBS) reported that between December 2023 and December 2024, the average price of Liquefied Petroleum Gas (LPG), also referred to as cooking gas, increased by 44.62%.
Refilling a 5kg cylinder cost an average of N7,177.27 in December 2024, as opposed to N4,962.87 in December 2023, according to the NBS Liquefied Petroleum Gas Price Watch, an instead of 1.26 per cent from the month before…CONTINUE READING>>
