Marketers have increased the price of Liquefied Petroleum Gas (LPG) known as cooking because of its scarcity.
- LPG marketers, including NIPCO, Total, Forte Oil, Nigerian National Petroleum Corporation (NNPC), among others, have not only increased the price of the product but are rationalising its supply.
- The problem, it was gathered, was caused by hitches in the distribution among stakeholders in the value chain. A source in one of the oil marketing firms said the scarcity was caused by the usage of LPG distribution channels for other purposes than what they were built for.
- The sources said the government directed that two out of the three distribution channels be used to supply Premium Motor Spirit (PMS) to make fuel available in the country.
- The President, Liquifield Petroleum Gas Association of Nigeria (LPGAN), Dapo Adesina corroborated the source saying the scarcity was caused by the usage of LPG terminals for other purposes.
- The price of 12.5 kg cylinder of cooking gas has increased from N2,800 to N3,200 depending on the area. Besides, many refilling outlets do not have the product while those that have sell at high prices.
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