The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGM) has attributed the surge in cooking gas price to temporary supply disruptions and market exploitation by some operators.
The association’s National President, Oladapo Olatunbosun, stated this on Wednesday while speaking on Channels Television’s The Morning Brief.
He said there had been no official increment in the price of Liquefied Petroleum Gas, blaming the hike on opportunistic marketers taking advantage of supply gaps caused by the recent strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria against the Dangote Refinery.
He said, “I sympathise with Nigerians as the President of NALPGAM because we never intended to have a situation like this.
“I must say categorically that prices of cooking gas have not gone up. No increment has been done officially.
“What is happening is that some marketers are taking advantage of the shortage in supply and the market forces that have increased demand. They are cashing up to make good money, which is wrong.
“We frown at this as an Association, and I’m happy that by the grace of God, normalcy will return in the next few days.”
Channels TV reports that prices of LPG, which previously averaged between N1,200 and N1,300 per kilogram, have in recent days risen to between N1,700 and N2,000, and as high as N3,000 in some areas.
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