From Stove To Wallet: Latest Cooking Gas Price Per Kg Revealed

The cost of refilling cooking gas in Nigeria has surged to ₦1,180 per kilogram, putting significant pressure on millions of households already grappling with rising energy expenses.....KINDLY READ THE FULL STORY HERE▶

A survey of retail outlets nationwide indicates that consumers are now paying nearly double the price compared to the same period last year. Sellers attribute the hike to inflation, foreign exchange fluctuations, and logistical challenges.

Current Cooking Gas Prices in Nigeria:

• 1kg – ₦1,180

• 3kg – ₦3,540

• 5kg – ₦5,900

• 10kg – ₦11,800

• 12kg – ₦14,160

• 12.5kg – ₦14,750

Key Factors Driving Cooking Gas Price Increases:

1. Global LPG Market Rates
   Nigeria imports a substantial portion of its Liquefied Petroleum Gas (LPG). Therefore, global price hikes directly impact domestic refill costs.

2. Foreign Exchange Pressure
   LPG importers pay in dollars. Naira volatility and limited access to foreign currency push landing costs higher, affecting supply volumes.

3. Transportation and Haulage
   Most gas deliveries rely on diesel-powered trucks. Long distances from coastal terminals to inland distributors, coupled with poor road conditions, increase transportation costs.

4. Taxes and Local Levies
   Various charges, including road union fees, state levies, depot charges, and safety compliance costs, contribute to the retail price.

5. Storage and Handling Infrastructure
   Insufficient storage facilities in many regions necessitate more frequent and costly supply trips.

6. Seasonal Demand Peaks
   High cooking demand during the Ember months, dry season events, and festivals such as Christmas, Eid, and New Year drive temporary price increases.

7. Security and Logistics Challenges
   Insecurity in certain areas raises delivery risks, prompting higher transport fees that are passed on to consumers.

8. Inflation and Operational Costs
   Cylinder and regulator maintenance, staff salaries, shop rents, and safety equipment costs have all risen. Additional expenses include weighing scale certification, firefighting tools, and surveillance measures.

9. Market Competition and Location
   Retailers closer to supply sources or local producers can occasionally offer slightly lower prices than those farther inland.