The price of Liquefied Petroleum Gas (cooking gas) has skyrocketed from N700/kg in June 2023 around when President Bola Tinubu assumed office to N1,500/kg in October 2024.

This represents about a 114 per cent increase within the 16 months.

News men gathered that the increase in LPG is connected to the rising exchange rate as the product is priced in dollars.

According to the Managing Director of NIPCO Plc, Suresh Kumar, over 60 per cent of the cooking gas consumed in Nigeria is imported.

Speaking at the just-concluded National Conference of the Nigerian Association of Liquefied Petroleum Gas Marketers 2024, held in Lagos, Kumar revealed that local production of LPG remains inadequate, urging the Federal Government to encourage Chevron to convert more of its propane output