Supply shortage, high depot prices shoot up gas price

Supply shortages have led to another increase in price of Liquefied Natural Gas (LPG), as the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) raised an alarm over the soaring cost of cooking gas in the country. The association warned that the continuous increase in price could spark public outrage against operators of gas filling stations. The association disclosed that cooking gas now sells between N1, 500 and N1, 700 per kilogram, while marketers pay between N25.2 million and N26.2 million for a 20-metric-tonne truck of liquefied petroleum gas, depending on location. Speaking on the development, NALPGAM National President, Mr. Edu Inyang, appealed to the federal government to urgently intervene and stabilise the supply and pricing of the product to prevent further hardship on Nigerians. According to him, the current situation has placed millions of households, food vendors, small businesses and low-income earners under severe pressure, as many Nigerians can no longer afford cooking gas for daily use.
Daily trust






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