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Current Cooking Gas Prices in Nigeria: ₦1,250/kg

Current Cooking Gas Prices in Nigeria: ₦1,250/kg

The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, in Nigeria is currently ₦1,250 per kilogram. This pricing structure means that consumers purchasing larger quantities will pay more based on cylinder size, with a 3kg refill costing approximately ₦3,750, a 5kg cylinder at ₦6,250, and a 12kg cylinder priced at about ₦15,000.

Various factors contribute to these prices, including foreign exchange fluctuations, as the naira's value against the dollar impacts the cost of imported LPG. Transportation and logistics costs also play a significant role, as the product must be moved from terminals to retailers, with higher diesel prices and road conditions affecting final consumer prices.

Additionally, LPG availability can influence pricing, with limited supply leading to increased costs. Global energy market conditions, including international crude oil and LPG prices, further affect local prices, as disruptions and geopolitical tensions can impact supply chains.

Plus234Feed summary based on reporting from Naijanews. Read the original report below.

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