Residents scramble for LPG as scarcity hits Ibadan, marketers increase price.

Residents of Ibadan, the Oyo State capital, are currently experiencing scarcity of Liquefied Petroleum Gas (LPG), also known as cooking gas.

Residents of the ancient city have been experiencing the scarcity since Friday.

It was learnt that some of the stations that sell at wholesale and retail levels are not dispensing the product due to the shortage.

Our correspondent learnt on Saturday that most of the gas stations and depots still selling are currently experiencing a large turnout of residents eager to buy the commodity.

The price of LPG has also increased.

It was gathered that a litre of LPG, which previously went for between N900 and N950 in some depots at wholesale, is now being sold for between N1,000 and N1,100.

The situation is the same among retailers.

It was further learnt that the majority of retailers did not have the product as of Sunday morning. Those who had stock had also increased their prices.

Our correspondent gathered that a litre of LPG, which previously sold for between N1,100 and N1,300 at retailers’ shops, is now going for between N1,300 and N1,500.
Residents scramble for LPG as scarcity hits Ibadan, marketers increase price. Residents of Ibadan, the Oyo State capital, are currently experiencing scarcity of Liquefied Petroleum Gas (LPG), also known as cooking gas. Residents of the ancient city have been experiencing the scarcity since Friday. It was learnt that some of the stations that sell at wholesale and retail levels are not dispensing the product due to the shortage. Our correspondent learnt on Saturday that most of the gas stations and depots still selling are currently experiencing a large turnout of residents eager to buy the commodity. The price of LPG has also increased. It was gathered that a litre of LPG, which previously went for between N900 and N950 in some depots at wholesale, is now being sold for between N1,000 and N1,100. The situation is the same among retailers. It was further learnt that the majority of retailers did not have the product as of Sunday morning. Those who had stock had also increased their prices. Our correspondent gathered that a litre of LPG, which previously sold for between N1,100 and N1,300 at retailers’ shops, is now going for between N1,300 and N1,500.
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