Gas retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December if the Federal Government does not restrict the activities of the terminal owners. Now, because NLNG has increased price, NNPCL and terminal owners have increased price to N14m. We have not seen anything.”The PUNCH had reported an intended hike in cooking gas prices in August. Prices had since shot up, with 12.5kg cylinder of cooking gas going as high as high as N10,000. “Flat price increase and forex challenges, and LPG responding to crude price increase at the international market,” he said via a whatssap message to The PUNCH.

Source: Punch September 18, 2023 13:50 UTC