- A Nigerian excitedly confirmed that there has been a reduction in the price of cooking gas
- This comes as cooking gas traders further slashed the price of the product following improved availability and foreign exchange offer
- While a section of netizens welcomed the development, others argued that it did not call for celebration
The movement from cooking gas traders to crash the price of the product is almost immediately reflected in the Nigerian market.
An Abuja resident 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 Post on FacebookGaddafi Iyal said cooking gas which used to be N1,300 is now being sold at N900.
Gaddafi disclosed that he bought N1,000 at a filling station in Abuja on Monday. He wrote:
![](https://images.yen.com.gh/images/442752979cbe8087.png?impolicy=cropped-image&imwidth=256)
![](https://images.yen.com.gh/images/442752979cbe8087.png?impolicy=cropped-image&imwidth=256)
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“Cooking Gas has dropped to ₦900 which was ₦1300, I personally bought ₦1000 yesterday at AA RANO KATABE filling station.”
Another Nigerian too confirmed the reduction in the price of natural cooking gas.
The news about Gaddafi Iyal’s cooking gas causes reactions
Gabo Omer said:
“This is good news. We are hopeful that the country will get back on track again. So help us God.”
Augustine C. Oyiana said:
“Really? This is good news. Nigeria will become better for everyone.”
John Nnamdi said:
“How long was it before now? Think again.”
Daniel Echo said:
“Still nothing to celebrate.”
Omar Khalid Saleh said:
“Good news, but this increase in the dollar gives us pepe every day.”
Nigeria is facing the end of fuel subsidy
Earlier, YEN.com.gh reported that Nigerians are struggling with rising fuel prices after President-elect Bola Tinubu declared an end to popular subsidies, a move analysts and experts said was long overdue.
![](https://images.yen.com.gh/images/e51aa0ac3a3b101b.jpg?impolicy=cropped-image&imwidth=256)
![](https://images.yen.com.gh/images/e51aa0ac3a3b101b.jpg?impolicy=cropped-image&imwidth=256)
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Ghanaian cobbler makes ¢10,000 a month, charges 50¢ to shine a shoe: ‘I work for Movenpick’
On his first day in office, Tinubu kept his campaign promise and announced the end of the long-standing deal that had given Nigerians access to cheap petrol.
The continent’s largest economy is rich in oil but has meager refining capacity. For years, it has traded crude for gasoline, which it then subsidizes for its domestic market. This has caused a significant leakage of foreign exchange earnings and contributed to the swelling of the debt.
Source: Legit.ng