Cooking gas jumps to N1,800/kg amid rising costs

Cooking gas prices have increased to N1,800 per kilogramme in Abuja and N1,650 in Lagos and Ogun states, following rising depot costs and increased seasonal global demand.The price of liquefied petroleum gas (LPG), popularly known as cooking gas, has surged to N1,800 per kilogramme in Abuja and N1,650 in Lagos and Ogun states.

The price of liquefied petroleum gas (LPG), popularly known as cooking gas, has surged to N1,800 per kilogramme in Abuja and N1,650 in Lagos and Ogun states.

According to TheCable, checks conducted on Thursday revealed significant price increases across several retail outlets.

At Techno Oil in Festac, Lagos, prices rose from N1,450 to N1,650 per kilogramme, while NipCo stations increased prices from N1,280 to N1,480.

In Ogun State, Ecogas in Sagamu raised prices from N1,500 to N1,600, while Oyejo Gas Station in Shiwun now sells at N1,650.

Abuja recorded the highest price of N1,800 per kilogramme, up from N1,700.

The increases followed a 31.8 percent rise in depot prices, from N1,100 to N1,450 within one month.

Gas expert Lawal Taofeek attributed the increases to seasonal global demand, particularly Europe’s peak heating season.

He warned that elevated prices could persist until December or January before easing as seasonal demand declines.