The cost of essential household energy continues to climb as the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has recorded a sharp increase in major Nigerian cities. Market checks in Abuja reveal the price of 1kg of gas has risen to ₦1,500, while a 12.5kg cylinder now sells for as high as ₦17,500, exacerbating the cost-of-living crisis and deepening the hardship for ordinary citizens.
Key Points:
- The price of 1kg of cooking gas has risen to ₦1,500 in Abuja, up from ₦1,200 last week.
- A 12.5kg cylinder now costs between ₦15,000 and ₦17,500 in the Federal Capital Territory.
- The price surge is linked to increased depot prices and a significant scarcity of the product.
- Depot prices show a major disparity, with Dangote Refinery selling at ₦15,800 per 20MT.
- Other major marketers like Ardova and NIPCO are selling at ₦18,400 for the same quantity.
- Industry experts blame the hike on "artificial scarcity" created by marketers cashing in on high demand.
- The scarcity and price instability are reported in key cities including Lagos and Kano.
Sources: Daily Post
