Cooking Gas Price may Rise to 10k in December

Following the rather unfortunate announcement made by NUPENG over the weekend, the marketers of Liquefied Petroleum Gas popularly known as cooking gas have warned that the price of cooking gas may increase to ₦10,000 by December 2021.

 
 
 

As at the time of making this report, the 12.5kg which as at January 2021 was selling between ₦4,000 and ₦6,000 (depending on the are) is currently selling for between ₦7,500 and ₦9,000 as at October 2021 and marketers of LPG are worried that supply shortage may see the price escalate to ₦10,000 in a few weeks.

 
 
 

Information obtained on October 9 from Pan-African forum, Platforms Africa on Saturday, LPG marketers said many Nigerians are returning to the traditional use of firewood, sawdust, charcoal and other unrefined energy sources for both domestic and industrial cooking despite the prices of these traditional cooking materials are also on the rise.

 
 
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Mr Mr Bassey Essien – the Executive Secretary of the National Association of LPG Marketers,  charged the the government to review the recently introduced import charges and Value Added Tax. He said if the advice is not heeded “the price of cooking gas may as well reach N10,000 for a 12.5kg cylinder.”

 
 
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However, he said marketers are discussing with government officials on how the situation could be addressed.

 
 
 

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