The price of cooking gas, also known as Liquefied Petroleum Gas has increased by 27.27 per cent between October and November 2019.
The reason for the increase has been said to be the forces of demand and supply and foreign exchange issues, which constrained some operators from importing the product.
According to reports from a reliable source, Vanguard Newspaper, the price of the product stood at N3.3 million per 20 metric tons on October 14, 2019, before rising to N4.2 million for the same quantity on November 4, 2019.
The same source, with a comprehensive market survey also reported that, the retail price of the product has increased from about N3.400 (12.5kg), to between N3,500 and N3,600, depending on location, during the period.
It was also predicted that consumption may increase because of the change in season especially the festive period; which is fast approaching.
Also, Operators, who preferred not to be named, because they were not permitted to speak, said the price might likely continue to rise nationwide.
Apart from the issue of a hike in the price, another reasons discovered are the forthcoming festive season, Christmas and New Year.