Cooking dealers give reasons for increasing prices

• Cooking state dealers person accrued the product’s terms from N1,050 to N1,200 per kilogramme, findings by Legit.ng show
• The large dealers disclosed that the summation was owed to overseas speech scarcity and volatility
• They stated that a 12 kg refill present sells for N15,000 from N13,125 owed to proviso and organisation challenges

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the system for implicit a decade.

Cooking state dealers person announced an summation successful the terms of the product, citing overseas speech and freight costs.

The summation successful prices comes a fewer weeks aft consumers experienced a respite erstwhile the terms crashed to N1,050 per kilogramme.

Dealers alteration the terms of cooking state arsenic the FX costs rise. Credit: Novatis
Source: Getty Images

Cooking state dealers mention FX scarcity for the increase

Investigations by Legit.ng showed that large dealers accrued the prices past week, saying the costs were impacted by FX scarcity and comparative volatility.

The Nigerian currency, the naira, remained comparatively unchangeable successful the Nigerian Foreign Exchange Market (NEFM), exchanging betwixt N1,580 to N1,584 per dollar for astir of past week.

However, cooking state dealers disclosed that forex was hard to entree successful the authoritative market, starring to them sourcing it from the achromatic market, which is much expensive.

Emmanuel Awala, a manager astatine 1 of the starring state plants successful Lagos, said that astir of the LPG sold successful Nigeria is imported arsenic the state has yet to execute self-sufficiency successful LPG production.

Nigeria imports astir of its LPG

He, however, said that the Nigerian authorities has tried to rise LPG output recently.

“About 60% of the products are imported. Yes, determination are waivers connected LPG imports, but overseas speech accessibility remains a situation for astir dealers,” helium said.

Another manager astatine Gasland successful iJu-Ishaga country of Lagos, who spoke anonymously, said that LPG terms crashed since May 2025, but is experiencing immoderate uptick owed to trouble successful sourcing overseas exchange.

“Most of our products are imported, and that is the reason. The prices fluctuate comparative to prevailing FX rates,” helium said.

12.5kg refills deed a caller high

Meanwhile, a marketplace survey shows that dealers are selling 12 kg refills astatine N15,000 from N13.125.

The improvement means dealers present merchantability 1 kilogram of cooking state astatine N1,200.

Data from the National Bureau of Statistics (NBS) showed that the mean retail terms of a 12.5 kg cylinder for April 2025 was sold astatine N17,500, which is astir N1,400 per kilogramme.

Prices summation nationwide arsenic dealers mention FX arsenic the reason. Credit: Picture Alliance/Contributor
Source: Getty Images

The NBS said that comparative to March 2025, the terms accrued by 16.01%, showing a notable emergence nationwide, caused by economical factors similar proviso concatenation issues.

The NBS said that the mean retail terms for refilling a 12.5kg cylinder dropped by 0.07% monthly from N15,637.74 to N15,627.40 successful May 2024.

Cooking state prices crash

Legit.ng antecedently reported that the terms of liquefied earthy state (LPG), besides known arsenic cooking gas, has decreased, offering flimsy alleviation to Nigerians amid the rising outgo of living.

New information shows that respective depot owners, including Dangote Petroleum Refinery, person besides adjusted their prices.

LPG prices successful Nigeria person climbed sharply astatine cardinal depots, with astir present selling to retailers astatine implicit N900 per kilogram, but Dangote Refinery, which sells to marketers astatine N855 arsenic of Tuesday, May 20

PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!

Source: Legit.ng