Cooking Gas Prices Surge Again: Marketers Explain The Reasons Behind The Increase.

By Oluwabukola Jimoh ــ Last Update 14 August 2024

Nigerians are feeling the strain as the cost of refilling cooking gas continues to rise, putting additional pressure on household finances. According to our latest data for July the average price of a 12.5kg cylinder of cooking gas has climbed to N14,287.

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has shed light on the reasons behind this price hike. Olatunbosun Oladapo, the president of NALPGAM, pointed to the depreciation of the naira as a major contributing factor. Despite being a major oil-producing country, Nigeria still relies heavily on imports for its LPG supply. The current foreign exchange challenges have made it increasingly difficult for importers to access the necessary funds, leading to higher costs for consumers.

“The situation is very unfortunate,” Oladapo told BusinessDay. “Prices are going higher, and Nigerian consumers are going through very difficult times because they can no longer afford gas and are now resorting to firewood, charcoal, and sawdust for cooking.”

Oladapo called on the federal government to take urgent action to address the foreign exchange crisis and alleviate the burden on the masses. He urged the government to consider providing palliatives, reducing taxes, and lowering levies on LPG to help ease the financial strain on Nigerian households.

As cooking gas prices continue to soar, the impact on the average Nigerian household is becoming more pronounced. Many families are being forced to revert to traditional cooking methods, which are not only less efficient but also have negative environmental and health consequences.

Addressing the underlying factors contributing to these price increases is crucial to ensuring that more Nigerians can afford clean, efficient, and safe cooking options.

What is your comment on this? Do you think the government is doing enough for LPG in Nigeria?

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Oluwabukola Jimoh

Oluwabukola Jimoh is a dynamic academic writer and captivating energy blogger. She is able to delve into intricate subjects with an insatiable thirst for knowledge, crafting thought-provoking essays that engage and enlighten her readers.