The price of cooking gas has climbed to ₦1,650 per kilogramme in parts of Lagos and Ogun states, while consumers in Abuja are paying as much as ₦1,800 per kilogramme amid rising depot costs and seasonal demand.
Checks at retail outlets on Thursday showed significant price increases across the three locations.
In Festac, Lagos, Techno Oil raised its selling price from ₦1,450 to ₦1,650 per kilogramme.
Similarly, NipCo outlets at First Gate and the Trade Fair Complex increased their prices from ₦1,280 to ₦1,480 per kilogramme.
In Ogun State, Ecogas LPG refilling plant in Sagamu adjusted its price from ₦1,500 to ₦1,600 per kilogramme, while Oyejo Gas Station in Shiwun raised its rate from ₦1,450 to ₦1,650.
In Abuja, the retail price increased from ₦1,700 to ₦1,800 per kilogramme, although NipCo outlets sold the product for ₦1,650.
The latest increase follows a 31.8 per cent surge in depot prices, which reportedly rose from ₦1,100 to ₦1,450 per kilogramme within one month.
A gas expert, Lawal Taofeek, attributed the development partly to seasonal pressures in the international market, particularly increased demand during Europe’s winter heating season.
According to him, European countries typically consume more gas during this period to meet heating requirements, pushing up global prices and creating additional pressure on domestic LPG costs.
He said the trend could persist until late December or early January, when the seasonal demand is expected to ease.
Taofeek, however, expressed optimism that cooking gas prices would begin to decline after the peak heating season.