“To purchase a 12.5kg cylinder of cooking gas in a month, minimum wage earners must now spend a whopping 23.3% of their monthly wage…”
The cost of filling a 12.5kg cylinder of cooking gas has increased from an average of N6,200 in July 2021 to N7,000 as of September 2021. This is about a 13% increase in the price of cooking gas. This was confirmed by our analyst after conducting interviews with several dealers and consumers, who lamented over what they described as a progressive hike in the price of Liquified Petroleum Gas (LPG), commonly known as cooking gas, across major cities in Nigeria.
Some of them had expressed concerns in July 2021, when Nairametrics did its last LPG price survey, that the cost of cooking gas was spiraling out of the reach of consumers, predicting that the price may hit its current N7,000 range. Even worse, now that the commodity is being sold between N7,000 and N7,200 across major cities, dealers warn that it is not yet ‘Uhuru,’ as further price increments are expected in October and no one can exactly tell what the price would be at the year’s end.