Relief as Traders release new list of cooking gas price, Nigerians jubilate

• Cooking state prices person yet dropped significantly, retailing for betwixt N950 and N1,300 successful assorted places
• According to a Legit.ng marketplace analysis, 1 kilogram of state presently costs N1,300 astatine retail establishments
• However, different dealers asseverate that they whitethorn acquisition the commodity astatine wholesale retailers astatine a little price

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The terms of cooking state has yet declined sharply, selling betwixt N950 to N1,300 per KG crossed antithetic regions.

The terms of 1kg state present outgo N1,300 astatine retail stores. Photo Credit: Contributor
Source: Getty Images

A marketplace survey carried retired by Legit.ng shows that the terms of 1kg state present outgo N1,300 astatine retail stores. This is simply a important diminution from the N1,500 which it sold astir a period ago.

Some traders nevertheless assertion that they are capable to get the bargain the merchandise successful astatine a much discount terms astatine immoderate filling stations stores for arsenic debased arsenic N1,100

Kafayat Komolafe said,

“This greeting I went to refill and to my surprice, the terms has reduced drastically to N1,300. The past clip I capable was astir 2 months agone astatine N1,500.

Idaya Folorunsho noted that she had to refill full state cylinder as soon arsenic she heard the terms reduced.

She said,

“You cognize this is Nigeria. When things spell down, we conscionable person to prehend the accidental due to the fact that we don’t cognize what would hap tomorrow.”

Nigerians are rushing to capable up their state cylinder arsenic terms crashes. Photo Credit: Contributor
Source: UGC

When asked if the terms could spell little than N1,300 for customers who are filling arsenic overmuch arsenic 10kg and above, helium said,

“We merchantability straight to consumers and it is immoderate we bargain that we volition sell. Those who assertion they bout astatine cheaper complaint little than N1,300 per KG astir apt bought astatine filling stations wherever they merchantability astatine wholesale prices. But you can’t comparison america to those radical with large tanks.

Ikenna Peter said,

“In this country, we are our ain problems. How tin immoderate radical beryllium selling cooking gas for 1,300 per KG and past you spell to different places to bargain for N1,150. Not everything is astir the government, we the radical - particularly traders - besides request to cheque ourselves and bash things with the fearfulness of God.

Meanwhile, Kunle Ajami, a manager of a cooking state works successful Lagos told Legit.ng that the terms accommodation started a period ago.

"There is simply a monolithic driblet compared to what radical were paying past year. We merchantability cooking state based connected however we bargain from marketers. If the terms is high, we adjust."

In immoderate places similar Kaduna however, cooking state terms reportedly dropped to arsenic debased arsenic N950 per KG.

Photo Credit: Rukiyat
Source: Getty Images

Again, dealers denote caller cooking state terms successful Lagos, others

Legit.ng reported that the Nigeria Bureau of Statistics (NBS) reported that betwixt December 2023 and December 2024, the mean terms of Liquefied Petroleum Gas (LPG), besides referred to as cooking gas, accrued by 44.62%.

Refilling a 5 kg cylinder outgo an mean of N7,177.27 successful December 2024, arsenic opposed to N4,962.87 successful December 2023, according to the NBS Liquefied Petroleum Gas Price Watch.

The terms accrued by 1.26 percent connected a monthly ground from N7,088.16 successful November 2024.

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Source: Legit.ng