The recent spike in cooking gas prices is primarily attributed to factors such as vessel scarcity, fluctuations in foreign exchange rates, and soaring oil prices, according to Nigeria Liquefied Natural Gas Limited (NLNG).

A market survey indicated that the price of 20 metric tons of cooking gas at the terminal rose from N10 million at the beginning of the month to N14 million by October 20.

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In an official statement, NLNG highlighted the impact of these factors, combined with domestic macroeconomic developments and global influences, leading to a tightening of Liquified Petroleum Gas supply within the domestic market.

The company emphasized its commitment to ensuring a consistent supply of cooking gas despite the challenges posed by feed gas supply limitations.