Cooking gas prices surge to ₦1,800/kg in Abuja

The price of liquefied petroleum gas, commonly known as cooking gas, has risen to ₦1,800 per kilogram in Abuja and ₦1,650 per kg in Lagos and Ogun states. Retail prices have increased at various outlets, with Techno Oil in Festac, Lagos, raising prices from ₦1,450 to ₦1,650 per kg, and NIPCO stations increasing prices from ₦1,280 to ₦1,480 per kg.

In Ogun State, the Ecogas refilling plant in Sagamu raised its price from ₦1,500 to ₦1,600 per kg, while Oyejo gas station in Shiwun now sells at ₦1,650 per kg, up from ₦1,450. The increase follows a 31.8 percent rise in depot prices, which went from ₦1,100 to ₦1,450 per kg within a month.

Lawal Taofeek, a gas expert, attributed the price hike to rising global demand during the winter season, stating that this seasonal surge is expected to continue until late December or early January, after which prices may fall.