The price of liquefied petroleum gas, commonly known as cooking gas, has remained stable in the Federal Capital Territory, with vendors selling the product at between N1,200 and N1,500 per litre. A market survey conducted by Media Talk Africa on Monday revealed that the price of LPG in Abuja is consistent with the national average, despite reports of a price hike in parts of Lagos.
In Gwarimpa, a vendor, Uche Chinedu, disclosed that a 12.5-kilogramme cylinder of LPG is sold at N15,000, which translates to N1,200 per litre. This price is comparable to what is obtained at filling stations, where the product is sold at N1,090 per litre. Similarly, in Dawaki, Dutse, and Kubwa, the price of LPG ranged from N1,200 to N1,400 per litre.
However, in Lugbe, a vendor reported selling one kilogramme of cooking gas at N1,500, slightly higher than the prevailing rate in other areas. This disparity in prices may be attributed to factors such as transportation costs and vendor discretion.
The stability of LPG prices in Abuja is in contrast to the situation in Lagos, where prices have risen to between N1,700 and N2,000 per litre. According to the Group Chief Executive Officer of Nigerian National Petroleum Company Limited, Bayo Ojulari, the surge in LPG prices is artificial and caused by supply disruptions resulting from a feud between the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Dangote Refinery.
Ojulari assured that the prices of LPG would normalise once the supply of the product is stabilized nationwide. The development is a welcome relief to consumers, who have had to contend with rising energy costs in recent times. As the Nigerian government continues to work towards ensuring a stable supply of LPG, consumers can expect a return to normal prices, bringing relief to households and businesses that rely on the product for cooking and other industrial purposes.
