"Cooking Gas Price Has Fallen": Man Shares New Price He Was Charged At Station, People React
- A Nigerian man has excitedly confirmed that there has been a reduction in the price of cooking gas
- This comes as cooking gas dealers crashed the price of the product further following improved forex availability and supply
- While a section of internet users hailed the development, others maintained that it still didn't call for a celebration
The move by cooking gas dealers to crash the price of the product has reflected almost immediately in the Nigerian market.
A resident of Abuja confirmed the reduction in the price of cooking gas by sharing how much he bought the product on Monday, May 6.
Source: UGC
In a Facebook post, Gaddafi Iyal said cooking gas that was usually N1,300 was now being sold at N900.
Gaddafi revealed he bought N1,000 at a filling station in Abuja on Monday. He wrote:
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"Cooking Gas has fallen to ₦900 that use to be ₦1300, I personally bought ₦1000 yesterday at A A RANO fuelling station KATAMPE."
Another Nigerian also confirmed the reduction in the price of cooking gas.
Gaddafi Iyal's cooking gas update stirs reactions
Gambo Omer said:
"That's good news. We optimistic that the country will be back on track again. So help us God."
Augustine C. Oyiana said:
"Really? That is good news. Nigeria will get better for all."
John Nnamdi said:
"How much was it before now? Have a rethink."
Daniel Echo said:
"Still nothing to celebrate."
Omar Khalid Saleh said:
"Good news, but this dollar hike is giving us pepe every single day."
Nigeria grapples with end of fuel subsidy
Earlier, YEN.com.gh reported that Nigerians were struggling with surging fuel prices after newly elected President Bola Tinubu declared an end to popular subsidies, a move analysts and experts said was long overdue.
On his first day in office, Tinubu kept to his campaign promise and announced an end to the long-running arrangement that had given Nigerians access to cheap petrol.
The continent's biggest economy is oil-rich but has meagre refining capacity. For years, it has swapped crude for gasoline, which it then subsidises for its domestic market. This has caused a significant drain on revenue foreign exchange and contributed to ballooning debt.
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Source: Legit.ng
