Rising prices of cooking gas dampen Christmas celebration

As the festive season draws nearer, Nigerians are cutting back on their holiday spending as the cost of cooking gas, an essential product, continues to rise on the back of poor infrastructure, FX scarcity, and logistic hitches.

The average retail price paid by Nigerians to refill a 12.5 kg Liquefied Petroleum Gas (LPG) also known as cooking gas rose by 39 percent, according to the National Bureau of Statistics (NBS).