Cooking Gas Prices Remain High: Dealers Announce New Rates Nationwide

The Nigerian cooking gas market continues to face high prices, with dealers releasing new rates despite assurances of a drop. Prices in Lagos range from 1,200 to 1,400 per kilogram, up from 950 to 1,000 just a month earlier.

Challenges like logistics issues and depot-level increases are cited for the persistently high prices. Olatunbosun Oladapo of NALPGAM expressed hope for price drops in the coming weeks, mentioning increased output from Seplat Energy (NGX: SEPLAT) and Dangote Refinery as potential factors to stabilize prices in the future.