The cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has continued to fluctuate across Nigeria, with many households groaning under the rising prices.. . Continue..Reading. .
A market survey shows that while the average price of cooking gas stands at ₦1,050 per kilogram, some areas record prices as high as ₦1,500 per kilogram, depending on location and dealer margins.
This disparity has further strained household budgets, as families already battling inflation on food and other essentials now have to spend more to refill their cylinders.
For better understanding, here is a breakdown of what different cylinder sizes would cost at the prevailing ₦1,050 per kg rate:
1kg – ₦1,050
3kg – ₦3,150
5kg – ₦5,250
10kg – ₦10,500
12kg – ₦12,600
12.5kg – ₦13,125
Factors Affecting LPG Prices
Several factors contribute to the variations in LPG pricing across Nigeria:
Depot Landing Costs – The price at which cooking gas is sourced from depots significantly determines retail prices.
Transportation Expenses – Rising diesel and trucking costs increase logistics expenses, especially for outlets far from coastal depots.
Foreign Exchange Volatility – The naira’s fluctuation against the dollar impacts the cost of imported LPG and related equipment.
Regional Demand – Areas with higher demand or limited supply often experience inflated prices.
Distributor Markups – Independent sellers often add margins to cover overheads, pushing up retail costs.If You’re Reading From Phoenix Click On Read Original at the top To Read Full Article
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