Asiko Holdings Launches Terminal to Lower Cooking Gas Prices

The price of cooking gas in Nigeria is fluctuating based on location, with depot prices and transportation costs significantly affecting retail prices. At the plant level, liquefied petroleum gas (LPG) prices were approximately N1,350 per kilogram in Lagos, N1,300 in Osun, N1,400 in Ogun, and N1,200 in Oyo.

Retail prices for a standard 12.5kg cylinder reached about N20,000 in Lagos, N18,750 in Osun, and N16,250 in Oyo. Wholesale prices at various depots also showed significant variation, with LPG priced at N990 per kilogram at Petrolumprice.ng, while Matrix charged N1,100, Navgas N1,125, and both A.Y.M Shafa and Nipco priced gas at N1,150 per kilogram.

The increase in petrol prices has escalated transportation costs, impacting the LPG supply chain and consumer prices. Adenike Osho, a consumer in Lagos, expressed concerns over the cumulative effect of rising essential costs on household finances.

Additionally, Asiko Holdings Limited completed an LPG and propane terminal in Ijora, Lagos, on September 30, aiming to source cheaper cooking gas and alleviate price pressures for consumers.