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Cooking gas prices skyrocket by 114% in 16 months - Report
News

Cooking gas prices skyrocket by 114% in 16 months – Report

The price of Liquefied Petroleum Gas, commonly known as cooking gas, has surged dramatically from N700 per kilogram in June 2023, around the time President Bola Tinubu assumed office, to N1,500 per kilogram in October 2024, The PUNCH reports. This marks an alarming 114% increase in just 16 months. The spike in LPG prices is […]

Cooking gas price hits N1,500 per kg
News

Cooking gas price hits N1,500 per kg

As Nigerians grapple with soaring petrol prices, the cost of Liquefied Petroleum Gas has surged to N1,500 per kilogram. Suresh Kumar, Managing Director of NIPCO Plc, expressed optimism that the forthcoming Dangote refinery and other domestic refineries could help lower cooking gas prices. Currently, over 60% of LPG consumed in Nigeria is imported. Recent checks […]

Average price of 12.5kg cooking gas hits N16,500 in south south states
News

Average price of 12.5kg cooking gas hits N16,500 in south south states

The average price of a 12.5kg cylinder of Liquefied Petroleum Gas, commonly used for cooking, reached N16,524 in the South-South geopolitical zone in August, according to the latest data from the National Bureau of Statistics. This figure marks a notable increase, as the national average price for a 12.5kg cylinder across Nigeria stood at N15,552, […]

Price of of cooking gas rose by 13.75% in May 2024
News

Price of of cooking gas rose by 13.75% in May 2024

The average retail price of a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 13.75%, rising from N6,521.58 in April 2024 to N7,418.45 in May 2024. This significant hike represents a 70.12% increase from the N4,360.69 recorded in May 2023, according to the National Bureau of Statistics LPG price watch for May 2024. […]

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Cooking gas price crash amid export ban – Marketers

The Federal Government’s ban on the export of Liquefied Petroleum Gas, also known as cooking gas, has led to a crash in the price from about N1,500 per kilogram to around N900/kg, LPG dealers stated on Wednesday. This was disclosed by dealers under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers during […]

5kg cooking gas price rises by N1000 on month - NBS
News

5kg cooking gas price rises by N1000 on month – NBS

In February 2024, the cost of refilling a 5kg cylinder of Liquefied Petroleum Gas surged to N6,154.50, marking a 19.75% increase from January 2023’s price of N5,139.25. Year-on-year, there was a significant surge of 33.78% from February 2023’s price of N4,600.57. In a state-by-state analysis, Lagos recorded the highest average cost for refilling a 5kg […]

5kg cooking gas price rises by N1000 on month - NBS
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Cooking gas price hits N1,200/kg – Report

  Concerns are growing over the escalating price of cooking gas in Nigeria, with reports indicating that a kilogram of cooking gas now costs between N1,000 and N1,200 in various parts of the country. According to Daily Trust, there are fears that the price may continue to surge due to supply disruptions, causing unease among […]

Cooking gas price hits N1,500 per kg
Oil and Gas

12.5kg cooking gas now costs N12,500 – Report

The price of 12.5 kg of Liquefied Natural Gas, also known as cooking gas, has climbed to N12,500 as Nigeria marks its 63rd year of independence. The Punch reported that according to a market investigation conducted by one of its correspondents, petrol merchants in Lagos abruptly increased the price of 12.5kg of petrol from the N10,000 […]

Cooking gas prices drop in June, yearly costs remain high
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12.5kg cooking gas hits N12,500 – Report

        Market findings have revealed that the price of 12.5kg of Liquefied Natural Gas or cooking gas has increased to N12,500. This latest figure comes at the heel of the nation’s 63rd independence day celebration. Findings by The PUNCH revealed that gas retailers in Lagos have raised the prices of 12.5kg cooking […]

Cooking gas price increased by 39% one year - NBS
Oil and Gas

Cooking gas price increased by 39% one year – NBS

Recent data from the National Bureau of Statistics has shown that the cost of 12.5kg of cooking gas increased from N7,413.25 in January 2022 to N10,277.17 in January 2023, a 38.63% rise from the previous year. Nonetheless, the monthly increase in the price to refill it from N10,248.97 in December 2022 to N10,277.17 in January […]