The cost of filling cooking gas surged to yet another unprecedented level across various markets in Lagos. Refilling a 12.5kg cylinder of cooking gas increased by 25% to an average of N10,000 compared to N8,000 recorded as of the previous week.
Gas dealers project a further increase in the price of gas, amidst a continuous shortage in the supply and rising demand for the commodity.
This is according to the bi-monthly market survey carried out by the research team of Nairametrics, comprising four major markets in Lagos state namely; Oyingbo, Daleko, Mushin, and Mile 12.
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Also, the price of a medium-sized bag of pepper now sells for an average of N21,750, representing a 10.8% increase compared to an average of N19,625 recorded two weeks ago.
According to data culled from the report, a 3.8-litre gallon of Mamador vegetable oil now sells for an average of N7,650, indicating an 18.1% increase compared to an average of N6,475 earlier in May 2022.
On the flip side, the price of a 50kg bag of Oloyin beans dropped by 12.8%, now selling for an average of N33,125 compared to the initial average price of N38,000.
Similarly, a big bag of bush mango seed (also known as ogbono seed) now sells for an average of N128,000.
Highlights of the report
- The price of a medium-sized bag of pepper rose by 10.8% to sell for an average price of N21,750 from the previously recorded average price of N19,625.
- Also, a big sized tuber of yam which initially sold for an average of N2,350 now sells for an average of N2,600, representing an increase of 10.6%
- Similarly, the cost of a carton of full chicken rose by 8.9% to sell for an average of N21,500 from the previous average price of N19,750.
- On the other hand, a 50kg bag of white garri now sells for an average of N12,275, indicating a 9.1% fall in price compared to an initial average of N13,500.
- In the same vein, a 50kg bag of white beans that was initially sold for an average of N55,825, now sells for an average of N53,250.
- Notably, the price of some food items such as noodles, cocoa beverages, milk, semovita, and pasta, amongst others retained their initial prices.