Tuesday, October 19, 2021

Cooking Gas Might Rise To N10,000 By December – LPG Marketers

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Marketers of Liquefied Petroleum Gas popularly known as cooking gas have warned that the price of cooking gas may increase to N10,000 by December 2021. Cooking Gas

With the 12.5kg currently selling for between N7,500 and N8,000, marketers are worried that supply shortage may see the price escalate to N10,000 in a few months.
READ ALSO: Price Hike In Cooking Gas Inevitable As FG Implements 7.5% Imports Tax

While speaking at a Pan-African forum, Platforms Africa on Saturday, October 9, LPG marketers said many Nigerians are back using firewood, sawdust, charcoal and other unrefined energy sources for cooking even though prices of those materials are also on the rise.

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.
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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.

Watch our trending video of the day below;

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Photo Credit: Getty

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