Cooking Gas Costs Price Increases to New Heights as Dollar Hits N1,500

Cooking gas prices soar to new heights, leaving Nigerians feeling the heat. Over the weekend, the cost of a 12.5-kilogram cylinder surged from N12,000 to N14,000, with ominous signs pointing to a potential climb to N16,000.

As the nation grapples with economic uncertainties, exacerbated by volatile currency rates, consumers are feeling the pinch of rising living costs. With each spike in gas prices, the affordability of this essential commodity slips further away from the grasp of ordinary citizens, sparking widespread dismay and frustration.

Amidst the uproar, fingers point in various directions seeking accountability for the escalating gas prices.
Industry experts highlight the country’s forex challenges as a primary culprit, noting that the reliance on gas imports leaves the sector vulnerable to currency fluctuations.

Allegations of profiteering within the LPG value chain add fuel to the fire, painting a picture of a sector plagued by exploitation and greed. Yet, amidst the turmoil, voices call for action, with the government urged to intervene and prioritize measures to alleviate the burden on consumers.

As the nation grapples with these challenges, the quest for a more accessible, available, and affordable cooking gas solution remains paramount in the pursuit of economic stability and social welfare.