Price of 12.5kg of Liquefied Natural Gas or cooking gas has increased to N12,500 as Nigeria celebrates her 63rd Independence anniversary, Igbere TV reports.
Market survey by our correspondent revealed that gas retailers had jerked up prices of cooking gas from N800 per KG reported towards the end of last month, to around N1,000 per KG.
Recall that Igbere TV reported had reported that the President, Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, warned that the price of cooking gas could hit as high as N1,800 per KG by December if the Federal Government did not checkmate the activities of the terminal owners.
“Yes, the price is now N1,000 per kilogram but the government is yet to step in despite a meeting we had with the NMDPRA,” he said.
According to him, gas retailers still buy 20 metric tons of gas for N14m at the depot.
“We still buy a 20 MT truck at N14m at the depots. And the price of diesel has increased that it now costs N1.7m to take gas from Lagos to the North due to the high cost of diesel. If we sell here at N1,000 per 1kg, just imagine how much it would cost in the Middle East and North.
“What we pray for is for prices to come down so that the ordinary masses can benefit from the decade of gas policy of the Federal Government that seeks to make gas accessible and affordable for the common man.”
