On Saturday, Marketers of Liquefied Petroleum Gas expressed deep concerns over the supply shortage leading to persistent increase in the price of the commodity, saying that 12.5kg of the cooking gas could increase toN10,000 by December.
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.
However, Adeola Yusuf, The Organisations team lead on Saturday in a statement 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.”
He further stated that more Nigerians were being forced to return to coal, sawdust, kerosene, and other dirty fuel as “the price of the cooking gas has suddenly gone up.”
He, however, said the association was interfacing with the government, stakeholders, producers and importers to see how the situation could be addressed.
“We are also meeting with the marketers vide moral suasion not to capitalise on the situation to inflict more pains on citizens by increasing the cost of gas in their locations though they are equally expending huge cost to have cooking gas at their locations.”
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