Cooking gas price soars to N500/kg, retailers, consumers lament

The price of cooking gas has risen by more than 60 per cent since early December last year on the back of the recent devaluation of the naira and lingering inadequate domestic supply of the fuel.

The price of 20MT of LPG sold by terminal operators and importers surged by 30.91 per cent in six months to N7.2m on Thursday, according to LPG in Nigeria, an advocacy organisation championing the use of the fuel in the country. The National Chairman of Liquefied Petroleum Gas Retailers Branch of NUPENG, Mr Chika Umudu, attributed the price hike to the country’s high dependence on importation for LPG.In May, the Central Bank of Nigeria devalued the naira as it adopted the NAFEX exchange rate of N410.25 per dollar as its official exchange rate. The naira traded at 503/$1 at the parallel market on Thursday.

Okay oo. We must cook.

Bought 12.5kg yesterday for 5,500. Very unfortunate..

What's happening here haaa afi gba ti buhari finish this country

Ds present FGN wl certainly set dt record of having d highest no of Nigerian pple starved to death as compared 2 previous Fed govts since Independence in 1960 till date I tell thee!

Naso I buy am yesterday o My comot wan eye

4thArmOfGovt Na me lament pass o, what was d reason sef for d high price

History can never remember this MBuhari NigeriaGov for anything good, but for the untold hardship they have brought among reasonable individuals. God judge them all .

Hahahahaaaa the evil yeye Zoo(Nigeria) is collapsing before our very eyes Hahahahaaaa

I thought Nigeria don't know what is happening I filled my gas yesterday and it was so annoying

Soon our lowest denomination will be N200

One of the unpalatable dividends of change and next level electoral victories of Fascist PMB. The unmistakable 'reformed democrat' the political gospel according to Tinubu.

We must get sense by force.

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