Breaking News: Cooking Gas Prices Increase by an Incredible 60% in Just One Month! Find Out Why
Thursday 26 October 2023
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Breaking News: Cooking Gas Prices Increase by an Incredible 60% in Just One Month! Find Out Why
In some shocking news, we've discovered the truth about the steep increase in cooking gas prices in October 2023. It's simple: in just 30 days, the cost of cooking gas has gone up by a whopping 60%!
At the beginning of October, 20 metric tons of cooking gas cost N10 million. But by October 20, the price had jumped to a surprising N14 million!
And that's not all – on October 21, 2023, a document from The Punch revealed that the price reached a staggering N16 million for 20 metric tons. That's a shocking 66% increase in just one month! CONTINUE READING.......
The reason behind this surge? An announcement by Allamin Daggash, the Marketing Manager at Algasco/NAVGAS, stated that gas retailers now have to pay N800,000 for one metric ton of cooking gas. Do the math, and you'll see it adds up to N16 million for 20 metric tons.
So, what's causing this dramatic price increase? Daggash points to fluctuations in foreign exchange rates and the booming global gas market. It's a bumpy ride, and your wallet is feeling the impact!
With household budgets feeling the heat, you might be wondering how to deal with these rising cooking gas prices. Our report delves into the challenges faced by families in Nigeria as they try to cope with this economic challenge. CONTINUE READING.......
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