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Nigeria Depots have reduced cooking prices, offering relief after weeks of sharp increasesFalling global crude oil prices drive recent cooking gas price cuts across NigeriaExperts suggest potential for further reductions as costs decline to reflect the ongoing global energy realities
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Importers and petroleum product marketers have reduced the depot prices of liquefied petroleum gas (LPG), commonly known as cooking gas, offering some relief to consumers after weeks of sharp price increases.
The latest adjustments follow a sustained decline in global crude oil prices, which has lowered the cost of petroleum products, including cooking gas.
Nigerians are relieved as cooking gas prices slide further; importers announce new rates. Credit: Bria SharmaSource: Getty Images
New cooking gas prices at major depots
Fresh market data obtained from PetroleumpriceNG shows that several major marketers have reviewed their depot prices downward.
The latest
