Marketers of Liquefied Petroleum Gas popularly known as cooking gas have predicted that the price of cooking gas may increase to N10,000 by December 2021.
With the 12.5kg currently selling for between N7,500 and N8,000, marketers are concerned that supply shortage may see the price escalate to N10,000 in a few months.
While speaking at a Pan-African forum, Platforms Africa on Saturday, October 9, LPG marketers stated that many Nigerians are back using firewood, sawdust, charcoal and other unrefined energy sources for cooking even though prices of those materials are also on the rise.
The Executive Secretary of the National Association of LPG Marketers, Mr Bassey Essien, urged the government to review the recently introduced import charges and Value Added Tax.
He said if the advice is not heeded “the price of cooking gas may as well reach N10,000 for a 12.5kg cylinder.”
However, he affirmed that marketers are discussing with government officials on how the situation could be addressed.