The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has blamed the continued hike in the price of cooking gas on exploitative activities by Liquefied Petroleum Gas (LPG) Terminal Owners and Off-takers.
Its executive secretary, Mr Bassey Essien in a statement issued at the weekend in Lagos ,which was made available to LEADERSHIP Sunday said the increment had seen price of cooking gas increased from between N2,600 and 3,000 in retail outlets to about 4,500 currently.
Mr Essien said, “It has become necessary to bring to the attention of users of cooking gas, stakeholders in the industry and the federal government in particular to the level of exploitation that currently subsists in the pricing of cooking gas by terminal owners/offtakers.
“The federal government approved the allocation of about 350,000MT of Gas per annum for local consumption through the Nigerian Liquefied Natural Gas (NLNG) company and this has been distributed through the terminals/offtakers to Gas Marketers who eventually distribute to end users.
“We noticed recently that Gas delivered to Terminals/offtakers which was being sold at N3,200,000 per 20 MT a week ago suddenly jumped to between N4,000,000 and N4,300,000 per 20MT at the terminals.”
According to him, this singular action has taken cooking gas beyond the reach of ordinary Nigerians who are forced to pay a higher price for products that the price structure from NLNG has not significantly changed.
COVID-19: Tracy, Okorie, Others Brainstorm On ‘Leadership For Success In Times Of Crisis’
Army To Use Dogs To Sniff Out Coronavirus Infections
Coronavirus: India Third Worst-Hit With Nearly 700,000 Cases
FG To Resume Third Mainland Bridge Repairs
Accountant General’s Office Denies Paying N173bn Without Proper Records
COVID 19: Ohaneze Mobilize 200 Religious Groups To Pray For Gov Umahi
How Minister, NSITF Rift Led To Suspension Of MD
EDITORIAL10 hours ago
COVID-19 And Planned Reopening Of Schools
OPINION6 hours ago
Who Is Afraid Of el-Rufai?
BUSINESS9 hours ago
CBN Gives 4 New Banks December Deadline To Expand Operations
BUSINESS19 hours ago
CBN’s Adjustment Of Naira May Lead To Higher Costs For Imported Goods – NECA
NEWS16 hours ago
FRSC Redeploys Senior Officers
NEWS23 hours ago
Kano Govt Approves N2.36bn For Zawaciki Inland Port Project
NEWS10 hours ago
Wadume: Soldiers Must Face Regular Court, Says Falana
NEWS20 hours ago
Group Petitions Appeal Court President Over Rivers APC Crisis