12.5kg cooking gas may sell for N10,000 by December, Marketers raise alarm
- Marketers of Liquefied Petroleum Gas have told Nigerians that the price of cooking gas might rise astronomically
- In fact, the marketers claimed that the price of 12.5kg cooking gas may sell for N10,000 by December if care is not taken
- Meanwhile, the marketers lamented that Nigerians are switching to firewood and charcoal for their cooking
Nigerians have been told that they might soon start buying cooking gas at an astronomical price. This is according to Marketers of Liquefied Petroleum Gas.
The marketers expressed worry over the supply shortage leading to persistent increase in the price of the commodity.
They warned that 12.5kg of cooking gas currently selling between N7,500 and N8,000 could rise to N10,000 before December if nothing was done to address the crisis.
Source: Facebook
The marketers lamented that more Nigerians had resorted to using firewood, charcoal, sawdust, among other unrefined energy sources whose prices have also begun to rise.
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The Executive Secretary of the National Association of LPG Marketers, Mr Bassey Essien, disclosed this during the weekly e-discourse organised by a leading Pan-African forum, Platforms Africa, a statement on Saturday by the organisation’s Team Lead, Adeola Yusuf, said.
Platforms Africa is the e-community of intellectuals, policy moulders and opinion leaders on the continent.
Essien maintained that government needed to review the recently introduced import charges and Value Added Tax, else “the price of cooking gas may as well reach N10,000 for a 12.5kg cylinder.”
He said, “Today (Saturday), the price has risen to N7,500 and N8,000. The skyrocketing price of gas is our fear and what we are trying to avoid. Early in the year a 20-metric ton of gas was selling for below N5m but today, the same tonnage sells for N10.2m. As long as there is that supply shortage, the available quantity and the dynamics of supply-demand will keep pushing the price higher.”
Viral video shows people in Lagos queuing to buy cooking gas, Nigerians react to new prices
Meanwhile, a video supposedly showing people in Lagos state as they queued for cooking gas has got many reactions on social media.
In the clip, buyers were at a gas filling station with their different sizes of cylinders to buy the product. Some of them even sat on the containers as they awaited their turns.
Captioning the video, the media personality asked people to drop comments and share if they are still experiencing gas scarcity in their areas.
Cooking gas: NNPC lists 9 reasons for hike in price, proffers solution
Many Nigerian households find it difficult to cope with the nearly every day increase in the price of cooking gas across the country. This, undoubtedly, aggravates the problem associated with the hike in food prices.
While speaking on the cause of the hike in the price of cooking gas, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the challenges in sourcing adequate supply of cooking gas has led to the increase in prices of the commodity.
Legit.ng gathered that Kyari disclosed this during a working visit to the headquarters of the Department of Petroleum Resources (DPR) in Abuja on Tuesday, September 7.
Source: Legit.ng
