As Nigerians struggle with soaring petrol prices, the cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has also increased, reaching ₦1,500 per kilogram.
The Managing Director/Chief Executive Officer of NIPCO Plc, Suresh Kumar, has expressed optimism that the commencement of operations at the Dangote refinery and other domestic refineries will help reduce the price of cooking gas.
Kumar also raised concerns about the country’s dependency on foreign supply, after disclosing that over 60 per cent of the cooking gas consumed in Nigeria is imported
Checks at the current market, confirm that cooking gas prices have hit ₦1,500/kg, significantly impacting consumers who rely on LPG for their daily cooking needs.
In Abuja, the average price for refilling a 12.5kg cylinder increased by 41.6 per cent to ₦17,000, with reports showing that the same cylinder sold for ₦12,000 just three months ago in July and ₦11,735 in January 2024.
