The price of liquefied petroleum gas, otherwise known as cooking gas, is gradually climbing down if the new cost posted to consumers on their social media channels is anything to rely on. Africa Health Report (AHR) finds that at weekend, the price of the 12.5kg cylinder of gas was N11, 000 from N17, 000, in Abuja, a couple of weeks ago. In an SMS message to consumers, a gas service outlet announced it has reduced the price of gas. The message reads, “Good news! Refill your gas with N11, 243”.
Checks by AHR point out that consumers 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.
Further checks on Sunday confirmed that the price is gradually coming down across the nation.
This, some opined, may not be unconnected with the rebound of the naira in April from about N1,900 per dollar to about N1,500 again at the moment.
While the Federal Government said it would take further steps to ensure the price of LPG goes down in the domestic, operators in the industry feared that the price may soon go up again.
