The price of refilling Liquefied Petroleum Gas (LPG), commonly referred to as cooking gas, has displayed mixed trends across Nigeria this week. Consumers are facing varying costs influenced by factors such as seasonal demand, transportation issues, and global market dynamics.
Current Prices for Cooking Gas (per Kilogram)
- 1kg: ₦1,300
- 3kg: ₦3,900
- 5kg: ₦6,500
- 6kg: ₦7,800
- 10kg: ₦13,000
- 12.5kg: ₦16,250
Key Factors Affecting Prices
- Seasonal Demand: The festive season has driven a surge in cooking gas demand, resulting in higher prices.
- Transportation Costs: Poor road infrastructure and increasing fuel prices are escalating distribution costs, especially to northern regions.
- Global LPG Prices: Fluctuations in international markets are impacting local prices, as Nigeria relies heavily on imported LPG.
- Currency Exchange Rates: The depreciation of the naira has raised importation costs, further affecting retail prices.
These factors continue to contribute to the varying LPG costs across different parts of the country.