The recent upswing in cooking gas prices, attributed by the Nigerian LNG Limited to a mix of domestic and global factors, is directly impacting the masses, leading to heightened household expenses. The average price of 1kg cooking gas has surged by 61%, reaching N1,200 from N696 in June 2023.
This escalation poses a financial burden on individuals and families, potentially altering cooking habits and affecting overall living standards. NLNG Limited, in recognition of these challenges, has pledged to sustain the market with approximately 1.3 million metric tons, aiming to mitigate importation and meet the growing demand for cooking gas in the country.
The company’s commitment to reliable supply and reflective pricing, along with collaboration with industry stakeholders, seeks to address the immediate impact on the masses. Despite facing challenges, NLNG Limited remains focused on achieving its mission and contributing to the steady growth of the domestic LPG market.
NLNG emphasized its dedication to supplying Butane and Propane to the domestic market, with a focus on reliability and reflective pricing. The company collaborates with industry stakeholders to achieve these objectives, maintaining a commitment to its mission.
