Cooking gas, also known as liquefied petroleum gas, is becoming less expensive in various markets nationwide.
Customers in Ogun, Lagos, Oyo, and other locations who talked with The PUNCH corroborated that, depending on the vendor and the region, the typical cost of one kilogramme of cooking gas is currently approximately N1,000 or less.
Recall that in certain places, the cost of LPG increased to approximately N1,300 during February and March.
Investigations revealed that prices are steadily declining across the country. There are indications that this might have something to do with the naira’s April recovery, which saw it rise from roughly N1,900 to roughly N1,500 per dollar.
Adedokun Ojo, a resident of Abule Egba in Lagos, said she purchased 1 kg of LPG from Mobil for N940.
Ojo said.
Additionally, Uzor Nneka, an Enugu resident, revealed she paid N1,000 for a kilogram of gas at the Romchi plant in Enugu.
Jonathan Igbowu, a resident of the Idiroko border community of Ogun State, said,
However, costs vary in Idiroko depending on the seller. In the Aferiku neighbourhood of the town, Nojim Ajani said that the price of 1 kg of LPG was N750 recently.
Ibrahim Ogunleye stated that the goods was selling for N1,200 in Ofa, Kwara State, but a few weeks prior, it was selling for N1,400.
According to Quadri Yusuf, who lives in Idi-Aba, Abeokuta, cooking gas is currently N800/kg, down from N1,200 in April.
However, Muraina Akintunde of Ayetoro stated that the current price is N1,200/kg in the area. She claimed that the price was N1,400 until the last week of May.
According to Folake Ogunwemimo, a kilogramme of LPG costs N1,100 in Ilaro, but Kazim Ajose purchased it in Sango-Ota, Ogun State, for N970.
Speaking about the development, Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, stated that the Federal Government, through the Ministry of Petroleum Resources (Gas), has been working to increase the amount of locally produced cooking gas entering the local market.
This effort has the full support of relevant regulatory agencies in the sector and operators. The result, according to Ekpo, has been a decrease in the price of LPG.
Speaking through his media assistant Louis Ibah, Ekpo stated that the domestication of LPG export has decreased reliance on imported LPG and, naturally, the associated additional expenses brought on by variations in foreign exchange rates.
TimesNow.com.ng reported that the Second Coming Nigeria Limited, an Enugu-based Liquefied Petroleum Gas marketing company, has slashed the price of its cooking gas from N960 to N672 per kilogramme.
The gesture is expected to benefit at least 4,000 residents in different parts of Enugu state.
Basil Ogbuanu, the chief executive officer of the company who made the change of price announcement on Wednesday, May 29, 2024, said that the gesture was for two celebrations.
