Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has risen significantly, forcing Nigerians to spend more to purchase the product.
The increase comes as depot owners and retailers raised their prices over the past two days.
StockGap increased its depot price by N25 to N1,440 per kilogram. Nigerian Independent Petroleum Company Limited, NIPCO, Mobil (now 11 Plc) and Ardova, on the other hand, sold the product at N1,400 and N1,390 per kilogram, respectively.
Similarly, LPG retail outlets, including Raniol, Juda Oil and Nigerian National Petroleum Company Limited, NNPC, outlets in Abuja and its environs, now dispense cooking gas at between N1,550 and N1,600 per kilogram, up from N1,400 and N1,500.
Reports said that micro-LPG dealers sell the product for between N1,700 and N1,800 per kilogram, depending on the location in Abuja.
Earlier, NIPCO’s spokesperson, Taofeek Lawal, had exclusively told DAILY POST that LPG prices could increase further between November and January next year.
The latest price increase means that Nigerians who previously spent N17,500 to refill a 12.5kg cylinder at N1,400 per kilogram will now pay N20,000 at the new rate of N1,600 per kilogram, representing an additional N2,500.
- Media Report