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Price Surge Alert: Cooking Gas Refill Per Kg Now a Luxury for Many Nigerians
Nigerian households continue to grapple with fluctuating prices of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, as rates vary significantly across filling stations nationwide. These differences are largely driven by supply costs and logistical challenges.....KINDLY READ THE FULL STORY HERE▶
A recent market survey shows that Rainoil retail outlets currently offer one of the lowest prices at ₦1,020 per kilogram. However, prices differ widely at other stations:
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Some sell at ₦1,050/kg
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Others charge as high as ₦1,250/kg
These price disparities are influenced by factors such as the landing cost of LPG, transportation from depots to retail stations, and broader market dynamics.
At the Rainoil rate of ₦1,020/kg, estimated refill costs for common cylinder sizes are as follows:
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1 kg – ₦1,020
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3 kg – ₦3,060
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5 kg – ₦5,100
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10 kg – ₦10,200
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12 kg – ₦12,240
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12.5 kg – ₦12,750
Key Factors Driving Cooking Gas Prices:
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Landing Costs: Variations in depot prices and the expense of moving LPG from coastal depots to inland locations directly affect pump prices.
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Foreign Exchange Volatility: The importation of LPG and related infrastructure is highly sensitive to naira-dollar exchange rates, making costs rise when the naira weakens.
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Distribution Challenges: Inadequate infrastructure and expensive trucking options make delivery more costly, especially in remote regions.
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Seasonal Demand: Prices often spike during holidays or high-demand periods due to increased consumption.
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Market Competition: Retailers set prices based on local competition and their own bulk purchase capabilities.
The rising and unpredictable cost of LPG has left many families struggling to afford clean cooking energy, prompting some to revert to using kerosene or firewood — a shift that poses serious health and environmental risks.
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