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Nigeria experiences nearly 40% drop in cooking gas prices amid increased importsFederal Government’s import permits boost LPG supply, easing market pressures significantlyHousehold expenses expected to decrease as more consumers turn to cleaner cooking fuel
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s cooking gas market is witnessing a welcome price drop, offering relief to millions of households struggling with rising living costs after months of record-high prices.
The decline comes as the Federal Government approved a wave of import permits for Liquefied Petroleum Gas (LPG) marketers, helping to address persistent supply shortages and increase product availability across the country.
Cooking gas prices fall as imports surge amid FG’s intervention. Credit: anand purohitSource: Getty Images
Retail prices have now fallen sharply in many parts of the country, with industry stakeholders attributing the trend to increased imports that have eased pressure on the domestic market.
Cooking
