Cooking gas crashes to lowest in four months as FG takes action on VAT, import duties

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A survey by reveals that the price of liquified petroleum gas (LPG), also known as cooking gas, has plummeted to a four-month low.

Dealers of the commodity quoted the product price low, attributing it to various interventions by the Nigerian government. previously reported that the Nigerian government removed Value Added Tax (VAT) and import duty on LPG to boost local supplies.

Also, the government began the free distribution of one million unrestrained LPG cylinders nationwide to enhance access.

Findings by show that dealers across Nigeria have crashed the cooking gas price below N900 per kilogramme for the first time in four months.

The first time cooking gas was sold below N800 was early in 2024, when dealers announced a price reduction after it hit N1,300 per kilogramme.

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