The cost of filling cooking gas surged to yet another unprecedented level across various markets in Lagos State. Refilling a 12.5kg cylinder of cooking gas increased by 25% to an average of N10,000 compared to N8,000 recorded as of the previous week.
Gas dealers project a further increase in the price of gas, amidst a continuous shortage in the supply and rising demand for the commodity.
This is according to the bi-monthly market survey carried out by the research team of Nairametrics, comprising of four major markets in Lagos state namely; Oyingbo, Daleko, Mushin and Mile 12.
Also, the price of a medium-sized bag of pepper now sells for an average of N21,750, representing a 10.8% increase compared to an average of N19,625 recorded two weeks ago. According to data culled from the report, a 3.8-litre gallon of Mamador vegetable oil now sells for an average of N7,650, indicating an 18.1% increase compared to an average of N6,475 earlier in the month of May 2022.
On the flip side, the price of a 50kg bag of Oloyin beans dropped by 12.8%, now selling for an average of N33,125 compared to the initial average price of N38,000. Similarly, a big bag of bush mango seed (also known as ogbono seed) now sells for an average of N128,000.
