The price of cooking has continued to increase across many locations in Nigeria.
This comes amid what distributors call panic buying which has spread to major cities.
Enquiries showed that the price of 1 kilogramme of cooking gas has been adjusted to N1,500, up from as low as N1,200 sold last week in some locations, especially in Abuja, the Federal Capital Territory.
Owing to the development, cooking gas dealers have increased their gas price to N17,500, up from N15,000 for 12.5 kg.
Similarly, 12.5 kg of cooking gas rose to N15,000 in the Nigerian National Petroleum Company Limited retail outlet along the Kubwa expressway from N13,625.
The development comes as depot prices of cooking gas have gone up in the last one week.
Gas price data showed that Dangote Refinery's (an offtaker) ex-depot price of 20 metric tonnes stood at N15,800, while that of Ardova, NIPCO, and Shafa Energy was N18,400.
Meanwhile, other LPG marketers such as Shafa Energy, 11 Plc, AA Rano, Ranoil, Matrix and others seem to be dry on LPG.
MT is the equivalent of 20 kilogrammes of LPG.
The rise in the price of cooking gas comes amid scarcity of LPG in Lagos, Kano State and parts of the country, which resulted in price hike fears.
The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Oladapo Olatunbosun, blamed the cooking gas price hike fear on artificial scarcity.
