12.5kg cooking gas price may hit N18,000 by December

50
12.5kg cooking gas price may hit N18,000 by December

12.5kg cooking gas price may hit N18,000 by December

Gas retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December this year if the Federal Government does not restrict the activities of the terminal owners.

In an interview with Punch, the President, Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, said that the price of Liquefied Petroleum Gas also known as cooking gas has “gone astronomically high at terminals as a result of a sudden increment from between N9-N10m per 20 metric tons to N14m per 20 metric tons.

“There is a ridiculous hike in gas prices going on right now, and I am afraid that if the Federal Government does not step in to checkmate the activities of these terminal owners, price could reach as high as N18m per metric tons by December. This means that a 12.5kg could go as high as N18,000.”

According to him, terminal owners were “hiding under the guise of high foreign exchange to increase price to further increase the suffering of the masses.” He insisted that the terminal owners have no justification for increasing prices as the Nigerian Liquefied Natural Gas Limited still supplied the market.

“NNPCL currently takes 59 per cent of the gas produced by NLNG, although NLNG has also increased its price from N6m to N8m. Now, because NLNG has increased price, NNPCL and terminal owners have increased price to N14m. The increase in price that would take effect is not the fault of retailers. It is the fault of NLNG and terminal owners. Even NNPCL is hiding under the guise that they are now privatised to increase prices. As of last week, 1kg was N800 at the terminal, now it is N1,200, and could reach N1,500 by December if care is not taken.

Now, the ordinary man would not be able to buy gas. How many minimum wage earners can afford gas now? Everyone is turning to firewood and charcoal. The surprising thing was that they visited President Tinubu last week, and promised to work together with his administration to make life better. Now they have come back and started doing something else. Where are all the palliatives and busses they promised to donate? We have not seen anything.”he said

50 COMMENTS

  1. Just wish to say your article is as astounding. The clarity in your put up is simply excellent and that i could think you are knowledgeable on this subject. Well with your permission allow me to take hold of your feed to stay updated with imminent post. Thank you a million and please continue the enjoyable work.

  2. My partner and I absolutely love your blog and find almost all of your post’s to be what precisely I’m looking for. Would you offer guest writers to write content for yourself? I wouldn’t mind producing a post or elaborating on a number of the subjects you write regarding here. Again, awesome web site!

  3. Excellent items from you, man. I have remember your stuff prior to and you are simply too magnificent. I really like what you’ve received here, really like what you are saying and the best way wherein you are saying it. You are making it entertaining and you continue to care for to keep it sensible. I can’t wait to learn much more from you. That is really a tremendous website.

  4. I believe everything posted was very logical. However, what about this? what if you wrote a catchier post title? I mean, I don’t wish to tell you how to run your website, but what if you added something that makes people want more? I mean %BLOG_TITLE% is a little vanilla. You might glance at Yahoo’s home page and note how they create article titles to get people to open the links. You might add a related video or a pic or two to grab readers interested about everything’ve got to say. In my opinion, it could make your blog a little livelier.

  5. hello there and thank you for your info – I’ve definitely picked up something new from right here. I did however expertise some technical issues using this website, as I experienced to reload the web site a lot of times previous to I could get it to load correctly. I had been wondering if your web hosting is OK? Not that I am complaining, but sluggish loading instances times will sometimes affect your placement in google and can damage your high-quality score if advertising and marketing with Adwords. Anyway I’m adding this RSS to my e-mail and can look out for much more of your respective exciting content. Ensure that you update this again soon.