The price of cooking gas in Nigeria has spiked by 9%, making it increasingly difficult for many Nigerians to afford. Check out the latest price and also full details and learn how this surge is affecting daily life for many households. Stay informed and prepare for the changes
In recent news, the hardship faced by many Nigerians is set to intensify, as the price of cooking gas witnesses a steep rise, according to Olatunbosun Oladapo, the president of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGM). In a troubling development, the cost of cooking gas has surged by 9%, shifting from N680 per kilogram to N745 per kilogram, putting additional financial strain on Nigerian households.
Here is the detailed data in a simplified table format:
Cooking Gas Price Increase – Detailed Report
| Aspect | Details |
|---|---|
| New Price Increment | 9% increase |
| New Price per Kilogram | N745 |
| Previous Price per Kilogram | N680 |
| Announcement Date | Mid-August 2023 |
| Announcement by | Olatunbosun Oladapo (President, NALPGM) |
| Reasons for Price Increase | Crude oil price hike, high taxes, increased shipping & distribution costs, dollar scarcity, Naira float |
| Impact on Consumers | Increased financial strain, difficulty in affording gas |
| Government Advised Measures | Introduce palliatives and measures to lessen the burden on the populace |
| Consumer Reactions | Negative responses on social media |
New and Previous Gas Cylinder Prices
| Cylinder Size (Kg) | New Price (N) | Previous Price (N) |
|---|---|---|
| 50 | 37,000 | 34,000 |
| 25 | 18,500 | 17,000 |
| 20 | 14,800 | 13,600 |
| 15 | 11,100 | 10,300 |
| 12.5 | 9,250 | 8,500 |
| 10 | 7,400 | 6,800 |
| 6 | 4,450 | 4,080 |
| 5 | 3,700 | 3,400 |
| 3 | 2,250 | 2,040 |
NBS Report on Cooking Gas Prices (June 2023)
| Parameter | Details |
|---|---|
| Monthly Price Drop | 6.7% decrease (for 5kg cylinder) |
| Yearly Price Drop | 3.56% decrease |
| States with Highest Prices | 1. Kwara (N4,750), 2. Niger (N4,691), 3. Zamfara (N4,683) |
| Price in May 2023 | N4,361 (for 5kg cylinder) |
| Price in June 2022 | N4,218 (for 5kg cylinder) |
This price surge has understandably led to numerous reactions on social media, with many Nigerians expressing their concern and displeasure. Oladapo cites several contributing factors to this development including rising crude oil prices, inflated costs of petrol cylinders, higher taxes, escalated shipping costs, scarcity of dollars, fluctuating value of the Naira, and increased distribution costs.
Sadly, the consumers’ ability to spend has not risen to meet these mounting costs, resulting in widespread difficulty in affording cooking gas. Oladapo urges the government to intervene, suggesting the introduction of palliatives and other measures to alleviate the citizens’ distress during these challenging times
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