“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.
This was confirmed by our analyst after conducting interviews with several consumers, who lamented over what they described as a sudden hike in the price of Liquified Petroleum Gas (LPG) or what is commonly known as cooking gas, across major cities in Nigeria.
Some of them had expressed concerns in July 2021, during an LPG price survey, that the cost of cooking gas was spiralling 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.
Consumers lament
Some LPG users in separate interviews complained about the development stating that they are now being forced to switch to alternative sources of cooking fuel.
Joy Bright, a consumer who is based in Oke Afa, Ogun State, expressed her fears over the rising cost of cooking gas in the area from N6,200 per 12.5 kg to N7,200 within 6 weeks.
“I was not surprised when the attendant told me the price because I had said in July that the cost will rise further.
“I had no choice but to buy it, as other alternatives are not options for me. I would not have felt it much if the power supply was regular,” she said.
Another consumer in Lagos, who simply referred to herself as Glory, said that she refilled her 12.5kg cylinder with N7,000 on Thursday. According to her, the rising cost of gas will have a severe impact on the average Nigerian and one of such is the cost of food bought from vendors.
“The cost of food items like rice, beans and even garri has been on the increase for months. This frequent hike in the cost of cooking gas will make matters worse, as several food vendors now use gas for their cooking.”
[Nairametrics]