THE price of Liquefied Petroleum Gas, LPG, otherwise known as cooking gas, has risen by 17 per cent in as the 12.5kg now sells at N10,250 from N8,500 recorded in August 20
This is even as the price of 1 Kg rose by 11 per cent to N900 from N800 while 3kg rose by 18 per cent to N2,500 from N2,050.
Meanwhile, operators expect further rise by 43 percent to N1, 500 per kg if adequate measures are not put in place to achieve supply stability in the domestic market.
President, National Association of Liquefied Petroleum Gas Marketers (NALPGAM), Oladapo Olatunbosun, said the huge gap in policy clarity among other issues are creating operational challenges.