Cost of 12.5kg cooking gas surge to N10,000, as dealers lament low supply

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.