- Cooking gas prices rise nationwide amid refinery disruptions.
- Depots now sell LPG between ₦1,250 and ₦1,700 per kg.
- Government vows to sanction hoarders as supply stabilises.
The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has continued to rise sharply across Nigeria amid the ongoing industrial face-off between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Refinery.
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EKO HOT BLOG reports that a recent market survey revealed that major depots, including Bovas and Rainoil, are now selling gas above ₦1,000 per kilogram, with some outlets recording unprecedented highs. As of Friday, October 17, Rainoil sold at ₦1,250 per kg, while Bovas outlets dispensed at ₦1,500 per kg.
Other depots reportedly charged up to ₦1,700 per kg.
The average market price of ₦1,250 per kg has caused a steep increase in household refilling costs.
| Cylinder Size | Price (₦) |
|---|---|
| 1kg | 1,300 |
| 3kg | 3,900 |
| 5kg | 6,500 |
| 10kg | 13,000 |
| 12kg | 15,600 |
| 12.5kg | 16,250 |
With these prices, many Nigerian households are struggling to keep up with cooking expenses, leading to growing concerns about the affordability of essential domestic fuel.
Reacting to the situation, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, directed regulatory agencies to take firm action against marketers hoarding cooking gas and taking advantage of the situation.
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