Cooking gas marketers have warned that the price of Liquefied Petroleum Gas, often known as cooking gas, might rise to N10,000 by December 2021.
With the 12.5kg presently selling for between N7,500 and N8,000, traders are concerned that a lack of supply would cause the price to rise to N10,000 within a few months.
Speaking at a Pan-African event called Platforms Africa on Saturday, October 9, LPG marketers claimed that despite rising prices for firewood, sawdust, charcoal, and other unrefined energy sources, many Nigerians are returning to using them for cooking.
The Executive Secretary of the National Association of LPG Marketers, Mr Bassey Essien, urged 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.”
However, he said marketers are discussing with government officials on how the situation could be addressed.
...orders review of health insurance coverage for media practitioners Osun State Governor, Senator Ademola Adeleke…
President Bola Tinubu on Monday held closed-door talks with six governors elected on the platform…
The Federal High Court in Abuja has turned down the request of Biafra nation agitator,…
THE Nigerian National Petroleum Company Limited (NNPC) has reduced petrol prices at its retail stations…
The Federal Government has secured the release of 100 pupils who were abducted from St.…
News Update A Royal Condolence to the Osun Online Publishers on the Passing of Adesoji…