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Retail cooking gas prices have declined nationwide, with dealers attributing the drop to improved domestic supply and lower depot pricesLPG depot prices now range between N1,005/kg and N1,030/kg, helping to ease wholesale costs for marketersDealers and consumers say the price decline has boosted demand, while calling for further reductions towards the N1,000/kg mark
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Retail prices of cooking gas, also known as Liquefied Petroleum Gas (LPG), have fallen across Nigeria as improved domestic supply and lower depot prices continue to ease pressure on consumers.
A market survey conducted showed that several refilling plants have reduced their prices, with retailers saying improved product availability and government interventions have contributed to the decline.
Cooking gas retailers cut prices as wholesale LPG costs ease Photo: BloombergSource: Getty Images
The decline in retail prices comes
