The cost of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has surged by 34.6 percent in one week, climbing from N12,750 to N17,500.
National President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Mr. Olatunbosun Oladapo, attributed the spike to the industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which disrupted supply chains, particularly in the South-West.
Oladapo explained that gas pricing is driven by supply and demand, noting that the strike forced several gas plants to shut down, creating scarcity. He also revealed that Dangote Industries, the key supplier, has yet to release invoices for marketers with pending orders for over three weeks.
"Marketers have been forced to buy from competitors at higher rates, and no one wants to leave their plants empty," he said.
He further alleged that competitors took advantage of the situation to inflate prices, worsening the burden on households and small businesses.
Oladapo appealed to Dangote to release products to marketers promptly, expressing optimism that prices could ease in the coming weeks if supply stabilises.
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