Increase in Demand, Shortage Of Supply Led To Increased Price Of Cooking Gas

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The management of the Nigeria LNG Limited has said that marketers do not have enough infrastructure to take up its Liquefied Petroleum Gas supply.

The Independent Petroleum Marketers Association had said that the major cause of the rising cost of cooking gas was lack of adequate supply.

The marketers claimed that foreign investors underestimated demand in the Nigerian market resulting in marketers venturing into importation of the product.

They advocated that the government should let NLNG supply more gas to the market to reduce the costs.

Reports from consumers revealed that the cost of refilling a 12.5-kilogramme cylinder of LPG had risen to as high as N7000 in some states.

The marketers had also urged the government to remove cooking gas from the list of commodities subject to the payment of value added tax.

The marketing manager of NLNG, Austin Ogbogbo, in a response to the claim made by the IPMAN said that the marketers did not have enough infrastructure to take up the gas the company supplied.
– Punch

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