More woes for Nigerians as cost of refilling cooking gas cylinders skyrocket
Thompson Nsisongabasi
Jul 30, 2024
Nigerians face increased economic strain as cooking gas prices rise sharply, with refilling a 12.5 kg cylinder now costing N15,600.
READ ALSO: Two Abia Warriors Players Missing | READ DETAILS
Nigerians are facing further economic strain as the cost of refilling cooking gas cylinders continues to escalate.
READ ALSO: Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth
Recent investigations reveal that in Lagos, the price to refill a 12.5 kg cylinder has surged to N15,600, up from N14,500 in mid-July. Refilling a 6 kg cylinder now costs N7,800, while a 1 kg cylinder is priced at N1,300.
READ ALSO: COVID-19 Lockdown: Funke Akindele arrested for hosting party
In June, the cost for a 12.5 kg cylinder was N13,200, a 6 kg cylinder was N6,600, and a 1 kg cylinder was N1,100. The situation worsened in July, with the current prices marking a substantial increase from those in May, when the cost for a 12.5 kg cylinder was N12,000, a 6 kg cylinder N6,600, and a 1 kg cylinder N1,100.
READ ALSO: Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
Gas vendors are voicing their concerns over the soaring prices, attributing the rise to the persistent depreciation of the naira.
READ ALSO: Despite EFCC Probe, CBEX Resumes Operations
Kehinde Afolabi, a gas vendor, told New Telegraph that the weakening naira is driving up the cost of imported gas, which in turn is being passed on to consumers.
READ ALSO: How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
He said the increase in gas prices has led to a significant drop in customer numbers.
READ ALSO: CELEBRITIES WAHALA: How I Discovered Iyanya Was Cheating On Me With Tonto - Yvonne Nelson
Experts say the rising costs are putting additional pressure on household budgets and local businesses.
Related Stories
Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth
Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
How Trump's Threat Triggered N2.8 Trillion Stock Market Crash In Nigeria - Investors Panic As Confidence Plummets
How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
7 Online Money Traps Young Nigerians Are Falling Into
""
— Thompson Nsisongabasi