Manufacturers of sachet water, popularly known as pure water, have increased the price of a bag of the product by about 67 per cent in Lagos.
Business Post gathered that a bag containing 20 sachets of water, which usually sells for N300, is now being sold for N500.
This newspaper learned that the sachet water producers raised the price as a result of the rising production costs.
To enforce this new price hike, they embarked on a strike, making the product scare and imposing fines on members who were caught selling to the customers.
As a result of the new development, retailers now sell sachet water for N50 each and three for N100.
In 2015, this product was sold for N5 but due to rising inflation and high cost of production, the price has risen by 900 per cent in less than a decade.