The Nigerian Association of Liquefied Petroleum Gas Marketers has said that the current hike in the price of cooking gas might persist if the activities of Liquefied Petroleum Gas Terminal Owners and Off Takers are not checked.in Lagos on Friday that the development had led to an increase in the price of cooking gas from N2, 600 to about N4, 500 in retail outlets.
He said that this was in line with the Federal Government’s approval for the allocation of about 350,000MT of gas per annum for local consumption through the NLNG.Essien said the product was distributed through the terminals/off takers to gas marketers who eventually distribute to end-users. “This singular action has taken cooking gas beyond the reach of ordinary Nigerians who are forced to pay a higher price for product that the price structure from NLNG has not significantly changed.
Essien said the upsurge in the price of cooking gas was detrimental to the efforts of the Federal Government at deepening cooking gas utilisation in the country.
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