According to recent market surveys, gas retailers have increased the price of a 12.5kg gas cylinder from the previously reported N10,000 at the end of the last month to approximately N12,500 in Lagos.
The President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, has issued a cautionary statement. He warned that if the Federal Government doesn’t take measures to regulate the activities of terminal owners, the price of a 12.5kg cooking gas cylinder could soar to as high as N18,000 by December.
Olatunbosun Oladapo said: “Yes, the price is now N1,000 per kilogram but the government is yet to step in despite a meeting we had with the NMDPRA,”
According to him, gas retailers still buy 20 metric tons of gas for N14m at the depot.
“We still buy a 20 MT truck at N14m at the depots. And the price of diesel has increased that it now costs N1.7m to take gas from Lagos to the North due to the high cost of diesel. If we sell here at N1,000 per 1kg, just imagine how much it would cost in the Middle East and North.
“What we pray for is for prices to come down so that the ordinary masses can benefit from the decade of gas policy of the Federal Government that seeks to make gas accessible and affordable for the common man.”
