The price of liquefied petroleum gas (LPG), commonly known as cooking gas, has climbed to ₦1,800 per kilogramme in Abuja and ₦1,650 in Lagos and Ogun states.
Checks by TheCable on Thursday showed that retail prices had increased at gas outlets in several parts of the country.
At Techno Oil outlets in Festac, Lagos, the price rose from ₦1,450 to ₦1,650 per kg.
NipCo retail stations in First Gate and Trade Fair Complex also raised their prices from ₦1,280 to ₦1,480 per kg.
In Ogun State, the price at the Ecogas LPG refilling plant in Sagamu increased from ₦1,500 to ₦1,600 per kg.
At Oyejo gas station in Shiwun, the price climbed from ₦1,450 to ₦1,650 per kg.
In Abuja, TheCable observed that cooking gas prices had risen from ₦1,700 to ₦1,800 per kg. However, NipCo retail outlets sold the product at ₦1,650 per kg.
The increases followed a 31.8 per cent rise in depot prices, which moved from ₦1,100 to ₦1,450 per kg within a month.
Lawal Taofeek, a gas expert, attributed the rising prices to seasonal factors, noting that increased global demand was pushing up gas costs.
“This is the peak heating season in Europe, when demand for gas rises significantly as countries increase consumption for heating,” he said.
“This seasonal surge in demand puts upward pressure on global gas prices, which in turn affects LPG prices. The trend is expected to continue until late December or early January, as it is a seasonal period of rising gas prices.”
He added that prices were expected to fall as the season came to an end.