Nigeria's Cooking Gas Prices Surge, Impacting Households

Cooking gas prices in Nigeria have surged, affecting millions of households and businesses. June Lago, a fashion designer, noted a price increase from ₦1,700 to ₦2,500 per kilogram within a week.
This trend reflects a broader issue as liquefied petroleum gas (LPG) prices rose from ₦1,100-₦1,350 per kilogram in April-May to ₦2,200 by late June, with a slight easing to ₦1,250-₦1,800 in early July. The price spike is attributed to supply disruptions linked to geopolitical tensions in the Middle East and longstanding domestic challenges, including inadequate infrastructure and inconsistent government policies.
Consumers are increasingly purchasing smaller quantities or reverting to traditional cooking methods like firewood and charcoal due to the high costs. Notably, Lateef Badmu from Al Moruff Gas Plant indicated that retail prices reflect wholesale costs, which have risen due to scarcity.
The situation has forced many, including Enomfon Okur, to adjust their cooking habits and expenses significantly.
Plus234Feed summary based on reporting from Premium Times. Read the original report below.
Read full article
Continue on Premium Times






