HomeBusinessExport, supply shortage drive cooking gas prices to 10-yr high

Export, supply shortage drive cooking gas prices to 10-yr high

While studying chemical engineering at university in 2016, Michael Adesanya could buy a kilogramme of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, for just N250. As a 200-level student living on a limited allowance, he had to budget every naira carefully, making the relatively affordable cost of cooking gas an expense he could easily accommodate.

He recalls a period in his life when, with a budget as low as N1,000, he could fill 2kg of his 6-kg gas cylinder for N500, sufficient to sustain him for about three weeks if he maintained his once-a-day eating habit, a habit peculiar to many students in Nigerian universities, and still afford a home-cooked meal with the balance.

However, 10 years down the line, not many students can afford such luxury, even with a rise in their monthly allowance. Between 2016 and 2026, cooking gas prices have jumped by more than 800

This post was originally published on this site.

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