The price of 12.5kg of Liquefied Petroleum Gas, known as cooking gas, has increased to N12,500 in Nigeria.
A market survey by our correspondent in Abuja disclosed that gas retailers increased the price for 12.5kg to N12,500 from N9,800 late last month.
Two months ago, the average price of cooking gas was N11,000 for 12.5kg in Abuja.
According to the National Bureau of Statistics, the average price for refilling 12.5kg of Liquefied Petroleum Gas in May 2022 was N8,727.30.
Zakka Bala, an oil and gas expert, said the price fluctuations are expected as the sector had been long deregulated.
Meanwhile, Olatunbosun Oladapo, the President of the Nigerian Association of Liquefied Petroleum Gas Marketers, warned that the price of 12.5kg cooking gas could hit as high as N18,000 by December 2023 if regulators did not checkmate the activities of terminal owners across the country.