LPG price soars by 232% in seven years

The price of cooking gas has skyrocketed by 232 per cent to N10,625 for 12.5kg between 2015 and 2022.

The price of cooking gas also called Liquefied Petroleum Gas has been volatile in the last seven years. Market research conducted by The journalists shows that the price of LPG currently hovers between N850 and N900 per KG depending on the supplier.

A gas supply station in Mowe, Ogun State, Deohlux Gas, told our correspondent that “The cost of one kg gas goes from N900 naira and 5kg will cost N4500.”

Another gas supplier, Yaya Gas, confirmed that a kg of cooking gas costs about N850.

When the President, Major General Muhammadu Buhari (retd) assumed office in May 2015, the price of cooking gas stood at N3200 for 12.5kg with a kg selling for an estimated N250, rising by 14 per cent from N2800 in April.

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