LPG marketers blame terminal operators as cost of cooking gas hits ₦1200/kg

This was disclosed by the President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Oladapo Olatunbosun during a meeting with the Senate Committee on Gas.

The price of cooking gas has over the past months, risen astronomically as marketers have blamed the terminal operators for abruptly increasing the price of the commodity in their different terminals.

Recall gas marketers last month, raised alarm that the price of LPG has skyrocketed at terminals from between ₦9 - ₦10m per 20 metric tonnes to ₦14m per 20 metric tonnes.

“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 ₦18m per metric tonnes by December. This means that a 12.5kg could go as high as ₦18,000.” the marketers had said.

An analysis of the price of the product across different states as of today shows it has risen to at least ₦1,200 per kilogramme making a 12.5 KG gas cylinder of gas to cost as high as ₦15,000 to refill.

According to Olatunbosun, there was no need to buy the product at that exorbitant price as the price of the product from the Nigerian Liquefied Natural Gas (NLNG) plant was way cheaper than what the terminal operators were selling.