Nigerian households might be faced with more hardship as there are indications that the price of Liquefied Petroleum Gas, also known as cooking gas, may rise sharply nationwide amid dwindling depot stocks and rising domestic demand.………
Checks by Nggossips showed that only Dangote Petroleum Refinery, Ardova Plc, and Navgas had commercial volumes of LPG available for sale in the domestic market.
Market sources who spoke with the publication attributed the tight supply to increased demand in Lagos and other parts of the country, as more households and businesses switch to cooking gas.
Depot prices monitored showed that Dangote Petroleum Refinery sold LPG at N1,060 per kilogramme, while Ardova Plc and Navgas sold at ₦1,065/kg and ₦1,085/kg, respectively.
Operators warned that the retail price of cooking gas could rise to ₦1,500/kg from the current average of about ₦1,300/kg if the supply situation persists.
There are indications that the price of Liquefied Petroleum Gas, also known as cooking gas, may rise sharply nationwide amid dwindling depot stocks and rising domestic demand.
Checks by Nggossips showed that only Dangote Petroleum Refinery, Ardova Plc and Navgas had commercial volumes of LPG available for sale in the domestic market.
Market sources who spoke with the publication attributed the tight supply to increased demand in Lagos and other parts of the country, as more households and businesses switch to cooking gas.
Depot prices monitored showed that Dangote Petroleum Refinery sold LPG at N1,060 per kilogramme, while Ardova Plc and Navgas sold at ₦1,065/kg and ₦1,085/kg, respectively.
Operators warned that the retail price of cooking gas could rise to ₦1,500/kg from the current average of about ₦1,300/kg if the supply situation persists.
