Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,167,175 members, 7,867,398 topics. Date: Friday, 21 June 2024 at 03:24 PM |
Nairaland Forum / Nairaland / General / Politics / Cooking Gas Dealers Have Crashed The Price Of The Product (3471 Views)
Cement Price Have Crashed Back To 6000....we Know Hear Anything. / Oil Exploration In The North Would Continue Until The Product Is Found - NNPC / Prices Of Foodstuff Have Crashed – Presidency (2) (3) (4)
Cooking Gas Dealers Have Crashed The Price Of The Product by Paraman: 4:25pm On May 07 |
Cooking gas dealers have crashed the price of the product further following improved supply and forex availability The dealers said the price of refilling 12.5kg of cooking gas crashed from N14,000 to about N10,000. Findings show that the crash also comes following the relative gain of the naira against the US dollar. Findings by Legit.ng show that dealers of liquified petroleum gas (LPG), also known as cooking gas, have crashed the commodity's price following supply improvements. According to a market survey conducted by Legit.ng, the dealers have crashed the product's price to N900 per kilogramme from the N1,300 it sold weeks ago. LPG dealers report improvements in supplies The dealers reported improvements in supplies from various depots, saying that the price also crashed due to the relative availability of foreign exchange for import. A manager at Gasland depot in the Iju-Ishaga area of Lagos, who pleaded anonymity, revealed that the price crash also followed the Nigerian government's removal of value-added tax (VAT) from the product. "We are witnessing supply improvements, and more marketers can access the products. Also, we have noticed an improvement in forex availability for importers to bring in the product." He stated that the deport sold the product at N1,300 per kilogramme two weeks ago but crashed the price to N900. He revealed that 12.5kg sells for about N10,000 from the N14,300 it sold two weeks prior. Recent data from the National Bureau of Statistics (NBS) disclosed that the price of 12.5kg of LPG increased by 46.88% in one year. The NBS revealed this in its annual LPG price watch report for February. The NBS said the price of refilling 12.5kg of cooking gas increased to N15,060.38, compared to N10,253.39 in the month under review. The report said the average price for refilling a 12.5kg cooking gas cylinder rose by 28.33% in one month, from N11.735.72 in January 2024 to N15,060.38 in February 2024, TheCable reported. The report said: The bureau said that "on a year-on-year basis, this rose by 46.88% from N10,253.39 in February 2023." "On state profile analysis, Ogun recorded the highest average retail price for the refilling of a 12.5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N16,375.00, followed by Delta with N16,333.33 and Edo with N16,321.43. Bauchi recorded the lowest average price, N13,167.50, followed by Katsina and Yobe, with N13,562.50 and N13,610.00, respectively." Cooking gas demand declines Legit.ng also reported that the demand for cooking gas recorded a decline amid increasing living expenses. This development comes as numerous efforts by the federal government to enhance supply and encourage domestic usage failed. The Nigerian Bureau of Statistics recently released data indicating a rise in the inflation rate from 28.92% in December 2023 to 29.90% in January 2024. PAY ATTENTION: Stay Informed and follow us on Google News! : https://www.legit.ng/business-economy/energy/1590887-cooking-gas-dealers-announce-prices-supply-improves-sell-1kg-price/ |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Xscape1993(m): 4:28pm On May 07 |
It is well with Nigerians in this suffering period. 1 Like |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by BUSINESSARENAA(m): 4:30pm On May 07 |
okoo |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by fourboys: 4:38pm On May 07 |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by garriAndsugar: 4:48pm On May 07 |
I bought at the rate of 1250 per kg yesterday. I don't know the crashing you are talking about here 22 Likes |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by jmoore(m): 4:50pm On May 07 |
How much was it before Tinubulation took over from Buhari? 3 Likes |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Melagros(m): 5:06pm On May 07 |
COMRADES, have you confirmed the authenticity of this news/source? Hope it is not a propaganda as usual 9 Likes |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by RenaissanceGuy: 5:13pm On May 07 |
Let's hear from those who refilled their cylinders recently. 1 Like |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by ibechris(m): 5:17pm On May 07 |
Lies...I just bought one now and the price for 12.5kg here in Abuja at Nipco gas station kubwa is #13,250 against what I read on the news outlets last week. 5 Likes 1 Share |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by strangest(m): 5:49pm On May 07 |
Government of propaganda.... Una all go hear am... 4 Likes |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Esthered: 6:13pm On May 07 |
ibechris: N17,000 in Lagos since February. |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by ProfGday(m): 6:36pm On May 07 |
Tinubu should return the gas back to #550 per Kg that Buhari left it.... Awon oloshi gbogbo,aye yin ma baje ni. 2 Likes |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Nyouth: 6:37pm On May 07 |
1050 today in aba |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by SeeWahala: 7:00pm On May 07 |
Melagros: It's propaganda. Can't you see the op is one of the regular agbad0 squad members here? Its fake news and propaganda . . . Sorry 😞 2 Likes |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Chicagograduate(m): 7:02pm On May 07 |
Legit is a propaganda machine for Tinubu. There is no crash. 1 Like |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by jamesharryson(m): 7:40pm On May 07 |
Nyouth: Which Aba? |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Oilwell(m): 7:48pm On May 07 |
Paraman: This one na die hard child of corn. , legit.ng and the Nation na their Lies and propaganda machinery. No such thing happened. Gas is still 17k/13.5KG in PH here as of today. 2 Likes
|
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by commoditiesnig: 7:52pm On May 07 |
garriAndsugar:I bought N1150 just few days ago. It's actually going down |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Nyouth: 9:20pm On May 07 |
jamesharryson:ikot ekpene Road Ogborhill Aba |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Betanaija42moro: 10:20pm On May 07 |
Audio crashing. When will the suffering of Nigerians in this country end |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Elusive001: 10:43pm On May 07 |
Paraman: Crash what!!!! How much was it before 2015? Clowns. You guys are shameless. Your god and his cohorts led a protest against ₦216 to $1 and ₦87/litre of PMS. Now you are rejoicing over ₦1400 to $1 and ₦750/litre of PMS. Shebi GEJ was ineffective and yet his tenure was 1,000,000 better than from May 29, 2015 till date. Im-p-s. Scou-ndrels!!! Shamelessness at its finest. 2 Likes |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by keymatt(m): 10:51pm On May 07 |
This APC regime is very funny. They met gas at N150 per kg in 2015. Within the twinkle of an eye, they skyrocket it to N680 per kg. Not satisfied, they hyked it to N860 per kg over night. Still not satisfied, they raised it to N1,300 per kg, thereby inflicting unimaginable pain and hardship on Nigerians. Yet they have the audacity to open their gutter mouth to claim gas price has crash. Something that was taken for granted in the golden era of PDP in 2015 You call N20 reduction crash, and want us to celebrate it I believe urchinns are being given special treatment in the sale of gas. APC is the worst thing that ever happened to Nigeria since independence. |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by keymatt(m): 10:53pm On May 07 |
Elusive001:Don't mind these urchinns. They're are not called zombies for nothing. |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Gadafii: 11:00pm On May 07 |
APC propaganda, you can smell them thousands of miles away |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by providencia(m): 11:29pm On May 07 |
Do we also import gas? |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by vengertime: 12:04am On May 08 |
Ones I see news blog from legit.ng It smells of lies
|
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by Confirmedzombie: 12:18am On May 08 |
I refilled 950 per kg in owerri, imo state today. God bless Tinubu |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by DMerciful(m): 1:19am On May 08 |
Crash? All this bateria people trying to gaslight the masses that a price that is 10 times what was obtainable in 2014 is a crashed price. Abeg take this bottle ti cure the BATeria in your system Paraman:
|
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by AcadaWriter: 2:16am On May 08 |
Government of propaganda.... Una all go hear am... |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by alphaNomega: 2:48am On May 08 |
I bought 200 per kg yesterday Let us use propaganda and reduce the cost |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by HopeUzodinma: 7:05am On May 08 |
Do you fools know the meaning of crash?? |
Re: Cooking Gas Dealers Have Crashed The Price Of The Product by saintmm(m): 11:35am On May 08 |
Gas price indeed is coming down but I don't think it worth celebrating yet. Is there any increase in minimum wage yet? Aren't we been taxed more heavily yet? Don't know what people are celebrating in this wicked government! |
(1) (Reply)
Bricklayer Jailed For Scamming The Military / With This Kind Of Support For Gej In Portharcout Apc Is Finished / Zahra Buhari's Reaction To The Rain Falling In Lagos. It Might Shock You
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 46 |