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Price of Cooking gas may drop

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There are indications that the cost of liquefied petroleum gas, otherwise known as cooking gas, appears to be on a downward spiral lately.

Consumers who spoke with The PUNCH in Ogun, Lagos, Oyo and others confirmed that the average cost of 1 kilogramme of cooking gas is now around N1,000 or below, depending on the location and the seller.

Between February and March, the price of LPG rose to around N1,300 and above in some locations.

In February, the National Bureau of Statistics said the price of 12.5kg of LPG increased by 46.88 per cent in one year.

NBS said the average price for refilling a 12.5kg cylinder of cooking gas in February increased to N15,060.38, compared to N10,253.39 in February 2023.

According to the NBS, the average retail price for refilling a 12.5kg cylinder of LPG went up by 28.33 per cent in a month — from N11,735.72 in January 2024 to N15,060.38 in February 2024.

On state profile analysis, Ogun recorded the highest average retail price for the refilling of a 12.5kg cylinder of cooking gas at N16,375, followed by Delta with N16,333, and Edo with N16,321.

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