This post was originally published on this site.
Cooking gas prices have dropped to between N1,100 and N1,650/kg due to improved supplyLower depot prices and increased competition ease market pressure on consumersThe price decline comes after cooking gas surged to as high as N2,400/kg between May and June
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.
The price of cooking gas, otherwise known as Liquefied Petroleum Gas (LPG) has finally started to reduce in various parts of the country due to better supply and reduced prices in depots.
Findings show that cooking gas is now sold at between N1,100 and N1,350/kg in Lagos, Ibadan, and Abeokuta. Consumers in Port Harcourt, Warri, and Benin City pay between N1,150 and N1,400/kg.
While in Onitsha and Enugu, retailers charge between N1,200 and N1,450/kg, while consumers in Abuja pay between N1,250 and N1,500/kg depending on location and retailer.
Read
