Nigerians Cry Out as Residents of Borno, Lagos, Others Buy Cooking Gas for New Price [Video]

From N10,545.87 in October 2023 to N16,734.55 in October 2024, the price of a 12.5 kg cylinder of LPG has increased by 58.68%
Households already struggling financially and with rising inflation are further burdened by this hike
Customers across the nation are experiencing the effects of the price increase, with some areas seeing hikes of over 45.8%

Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The average retail price for refilling a 12.5 kg cylinder of LPG rose by 58.68% from N10,545.87 in October 2023 to N16,734.55 in October 2024.

Consumers throughout the country are feeling the effects of the spike. Photo Credit: ContributorSource: Getty Images

According to data sourced from the National Bureau of Statistics (NBS), this increase further burdens households already facing high inflation and financial difficulties.

Refilling a 5 kilogram cooking gas cylinder cost N6,915.69 on average in October, up 3.23% from N6,699.63 in September.

The gain is considerably greater …