HomeLocal NewsCooking gas price increases by 105% in 12 months

Cooking gas price increases by 105% in 12 months

Date:

Related stories

Kano retirees receive long-awaited benefits

Kano State Governor, Abba Kabir Yusuf, has reaffirmed his...

Women banned from Kano mobile phone market after 7pm

The leadership of the Farm Centre mobile phone market...

15-year-old presides over Kano assembly

The Speaker of the Kano State House of Assembly,...

Mass Education: FG flags-off N4bn critical infrastructure projects

The Federal Government has flagged-off construction of N4 billion...

KEDCO confirms power supply boost after repairs

The Kano Electricity Distribution Company (KEDCO) has announced significant...
spot_img

Within the last year, the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) has increased by 105%.

This comes after an increase from N2200 in August 2021 to N4500 in August 2022, representing a 105% increase over the period.

READ ALSO: German Govt. urges energy saving as Russia gas supply reduces by 60%

Cooking gas prices have risen exponentially, mirroring the trend of other deregulated petroleum products such as kerosene and diesel, which have also seen significant increases this year.

According to a market survey conducted by The Punch correspondent, one litre of cooking kerosene, which previously sold for N700, now sells for between N800 and N850 in urban areas of Lagos State, while the price has reached as high as N1000 per litre at filling stations in the suburbs.

Similarly, the price of diesel remains at an all-time high of between N750 and N800.

According to the latest Commodity Price Index (inflation report), gas prices increased the most, followed by liquid fuel, solid fuel, garments, passenger transport by road, cleaning, repair, and hire of clothing, and passenger travel by air.

Culled from Punch

Subscribe

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here