JUST IN: Nigerians React As Cost of Refiling Cooking Gas Increases Again, Marketers Explain New Prices

Nigerians React As Cost of Refiling Cooking Gas Increases Again, Marketers Explain New Prices

Nigerians React As Cost of Refiling Gas Increases Again, Marketers Explain New Prices

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The price of refilling cooking gas has increased again, adding more burden to many Nigerian householdsNew data shows that the average price of refining 5kg and 12.5kg has increased by 19.75% and 28.33%, respectivelyResidents of , Imo, and Anambra paid higher prices to refill their cooking gas compared to residents of other states

Henzodaily.ng journalist Dave Ibemere has over a decade of journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The has revealed that the average price for refiling a 5kg or 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) has increased again.

The bureau, in its latest price watch report, stated that for a 5kg cylinder, Nigerians paid N6,154.50 to refill in February 2024.

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This represents a 19.75% increase when compared to the N5,139.25 average price that was recorded in the month of January 2024.

Cooking gas prices rises againNigerians complain as refilling cooking gas increases again
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While on a year-on-year basis, NBS added that the 5kg refill price is 33.78% from N4,600.57 in February 2023.

While for a 12.5kg cylinder of cooking gas, Nigerians paid an average price of N15,060.38 to refill in February 2024.

This is a 28.33% increase on a month-on-month basis from N11,735.72 in January 2024.

While on a year-on-year basis, this rose by 46.88% from N10,253.39 in February 2023.

States with the highest, lowest prices

The report further showed the states and regions with the highest and lowest prices average prices to refill 5kg and 12.5kg.

Here is a breakdown

5kg Cylinder

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Highest Prices:

Lagos: N6,820.00Imo: N6,785.71Anambra: N6,750.00

Lowest Prices:

Yobe: N4,912.50Kebbi: N5,350.00Adamawa: N5,385.00

Regional Analysis:

South-East: N6,616.57South-West: N6,513.30North-Central: N5,723.02

12.5kg Cylinder

Highest Prices:

Ogun: N16,375.00Delta: N16,333.33Edo: N16,321.43

Lowest Prices:

Bauchi: N13,167.50Katsina: N13,562.50Yobe: N13,610.00

Regional Analysis:

South-East: N15,954.60South-South: N15,943.40North-East: N14,035.88

Nigerians react to new prices

Reacting to the new price, Helen Duru, who lives around Igando area of Lagos, told Henzodaily.ng that she has been struggling to cook.

“Most of the time, I wait for the power supply and quickly cook with my electric stove. Thank God I use a postpaid meter, so it is cheaper.

“What the government is doing to citizens is unfair. Why would they sit down and watch citizens suffer this much to buy items and also to cook?”

Also, Mosurat Abiodun also called on the government to intervene because it is getting unbearable.

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“Imagine spending up to N17,000 to refill my 12.5kg cooking gas, something I used to do for just N9,000 some months ago.

“I don't know why this is happening, but it's high time the government stepped in. That N17,000 is almost 40% of my monthly .”

Marketers give reasons for high cooking gas cost

Earlier, Henzodaily.ng reported that cooking gas marketers under the Nigerian Association of Liquified Petroleum Gas Marketers (NALPGAM) accused the Liquified Petroleum Gas terminal operators of causing the country's high cooking gas cost.

Oladapo Olatubosun, the association's president, disclosed this when they met the committee on gas in the company of the group members.

He warned that if the does not intervene, the gas price could reach N18 million per metric ton by December. This means a 12.5kg cooking gas cylinder could go for as high as N18,000.

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Source: Henzodaily.ng

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