JUST IN: Cooking Gas Price Hike Looms as NIPCO, 11PLC Raise LPG Prices

The price of Liquefied Petroleum Gas (LPG) is set to increase across Nigeria as leading suppliers NIPCO and 11PLC have raised the depot price to ₦1,150 per kilogram. This represents a 5.56% rise from the previous rate of ₦1,095 per kg, which was effective until Friday, October 11, 2024.
A source at one of the companies cited the reason for the price hike: “Due to a significant increase in international market prices, LPG depot price has been revised to ₦1,150/kg, with immediate effect.”
Last week, major suppliers sold LPG at the following rates:
• Navgas: ₦1,100/kg
• NIPCO: ₦1,095/kg
• 11PLC: ₦1,095/kg
• PPMC: ₦1,092.5/kg
• Techno Gas: ₦1,100/kg
The increase is expected to affect consumers nationwide, potentially leading to higher retail prices in the coming days.