In its latesthad said the average retail price for refilling a 12.5 kilogramme cylinder of cooking gas declined by 0.23 percent from N10,277.17 in January 2023 to N10,253.39 in February 2023.
He said while the price of cooking gas was still high, it has remained stable since the beginning of the year, compared to the price last year. “The inability to import LPG as frequently as before and to augment the inadequate domestic supply is due to major factors [like] FX, exchange rate, and taxes.”Essein called for more investment in the gas processing sector in the country, urging the federal government to grant necessary “incentives that attract investors”.“The penalty for gas flaring l learnt has been increased.
Olatunbosun said foreign and local investors could be encouraged to explore and invest more in the gas business.
Which ever is the reason, we are the ones suffering the high price and is adding to the burden of high cost of living. We are lucky you are not blaming Russia/Ukraine
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