Price Of Cooking Gas Increases To N25,000 Per 12.5kg

Nigerians have been left in a state of shock following the recent surge in the price of cooking gas.

The cost of 12.5kg cylinder of Liquefied Petroleum Gas, popularly known as cooking gas rose to N25,000 this week from N17,500 the previous week.

According to market checks by Vanguard, 1kg of gas now sells between N1,500 and N2,000, depending on the location.

The Executive Secretary of the Nigerian Association of Liquefied Petroleum Gas Marketers, Bassey Essien, in an interview with Vanguard, attributed the sharp increase to recent disruptions caused by the strike action of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).

He said, “Dangote Petroleum Refinery is currently the highest local supplier of cooking gas in Nigeria. The crisis involving PENGASSAN scuttled distribution. Many dealers could not replenish their stocks during the period.

“What we are witnessing is a function of demand and supply. The demand for cooking gas is higher than supply. But supply would likely stabilise in the coming days, following resolution of the conflict.”

Checks in Lagos and neighbouring areas revealed that several gas plants were shut down due to a lack of product, forcing consumers to move from one station to another in search of gas.

The scarcity has left many households worried as prices continue to fluctuate.