Branch Secretary of Liquified Petroleum Gas Retailers (LPGAR) Branch of NUPENG, Mr. Olukayode Solomon, said the Association is dissatisfied with the sudden hike in price of cooking gas in Nigeria by tank farm (LPG depots) operators.
Unless urgent steps are taken, consumers may have to pay more for Liquefied Petroleum Gas (LPG), popularly called cooking gas during the yuletide as price of the commodity has skyrocketed by 73 per cent.
Confirming the development to reporters, he lamented that, what appears to be a deliberate reduction in supply or rotation of supply amongst tank farms has led to about 73 per cent increment in price of the productwithin one week. He however cautioned that the increment could persist as the Christmas and New Year approach.
Olukayode explained that the increment began about a month ago but did not significantly reflect in the price sold to end-users because retail outlets had absorbed the difference believing it would soon normalise.
But according to him, without any sign of imminent supply or pricing crisis, the price in the last one week suddenly skyrocketed, hitting about 73 per cent.
He added that Nigerians, especially the low income earners who are beginning to switch over to cooking gas for both domestic and commercial uses are now being subjected to additional exploitation at a time of severe economic hardship.
The situation, according to him is already forcing many users to abandon their cylinders afor dirty fuels like firewood and sawdust despite the attendant health risks and resultant environmental degradation that result from those such energy sources.
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