The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has blamed the recent spike in cooking gas prices on temporary supply disruptions and profiteering by some operators, calling for regulatory action to curb exploitation.
NALPGAM President Olatunbosun Oladapo described the price surge as "artificial," citing a recent strike by PENGASSAN that halted operations at key facilities, including the Dangote Refinery, causing a supply shortfall.
Middlemen have since inflated prices, with retailers charging up to ₦3,000 per kilogram, compared to ₦1,300 previously. A 12.5kg cylinder now costs ₦17,500–₦25,000, and a 5kg cylinder ₦6,000–₦10,000, a sharp rise from August figures.
The disruptions, triggered by a late September strike, led to dry depots in Apapa and delayed vessel berthing, exacerbating scarcity in cities like Lagos and Abuja.
NNPC Limited’s CEO, Bayo Ojulari, confirmed the disruptions were temporary, with prices expected to stabilize as operations resume, though ongoing refinery maintenance may cause minor delays.
NALPGAM urged the NMDPRA to monitor retailers for hoarding and gouging, while advocating for diversified supply chains to prevent future crises.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com