A recent survey conducted by Naija News has revealed a significant reduction in the price of cooking gas in Nigeria.
The price of refilling cooking gas per kilogram has dropped from ₦1,350 to ₦1,020, bringing much-needed relief to households and businesses that rely on gas as their primary fuel source.
The survey, which covered gas stations and vendors across various regions of Nigeria, suggests that the reduction in cooking gas prices could help lower the overall cost of living, particularly benefiting families and small businesses.
Updated Cost Breakdown Based on ₦1,020 per Kilogram:
- 1kg of Cooking Gas: ₦1,020
- 3kg of Cooking Gas: ₦3,060
- 5kg of Cooking Gas: ₦5,100
- 10kg of Cooking Gas: ₦10,200
- 12.5kg of Cooking Gas: ₦12,750
This price drop marks a significant shift in the Nigerian cooking gas market, especially as costs had been rising steadily in previous months. The development is expected to ease financial pressures on Nigerian households, particularly amid ongoing economic challenges.
Experts attribute the decline in cooking gas prices to several factors, including fluctuations in global energy prices and adjustments in local supply chains. While crude oil and natural gas prices have seen some changes in recent months, the drop in domestic cooking gas prices is seen as a welcome relief for consumers.
With this reduction, households that depend on cooking gas for daily cooking will see a decrease in their monthly fuel expenses. Likewise, small businesses in the food and hospitality industry, which rely heavily on cooking gas, stand to benefit from lower operating costs, potentially improving their profit margins.
As the market continues to adjust, consumers remain hopeful that the downward trend in gas prices will persist, providing long-term financial relief to both individuals and businesses.
