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Cooking gas prices drop nearly 39%, easing pressure on Nigerian households’ budgetsFamilies across Nigeria save thousands with reduced LPG retail prices amid inflation concernsIndustry experts urge increased domestic gas production to sustain lower cooking gas prices
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Millions of Nigerian households are finally getting a break from soaring cooking gas costs as the retail price of Liquefied Petroleum Gas (LPG) has dropped sharply across Lagos, Enugu and several other states.
After climbing to record highs of over N2,000 per kilogramme in June, with some locations charging as much as N2,300/kg, cooking gas now sells for around N1,400/kg in many retail outlets, representing a price decline of nearly 39 per cent in less than two months.
Depots slash cooking gas prices; retailers join amid a fall in crude rates. Credit: NovatisSource: UGC
The reduction follows increased product availability
