The price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas, LPG, also known as cooking gas, has increased to N25,000 this week from N17,500 the previous week.
It been confirmed that the price of 1kg currently retails at between N1,500 and N2,000, depending on the location.
Executive Secretary of the Nigerian Association of Liquefied Petroleum Gas Marketers, NALPGAM, Mr. Bassey Essien, told Vanguard on phone that the distribution of the product was disrupted by the recent industrial action by the Petroleum and Natural Gas Senior Staff The Association of Nigeria, PENGASSAN.
He said: “Dangote Petroleum Refinery is currently the highest local supplier of cooking gas in Nigeria.
The crisis involving PENGASSAN scuttled distribution. Many dealers could not replenish their stocks during the period.
‘’What we are witnessing is a function of demand and supply. In practice, the demand for cooking gas is higher than supply.
Supply would likely stabilise in the coming days, following resolution of the conflict.”
It was also showed that many gas plants without the product were shut down yesterday in Lagos and its environs, making consumers to move from one place to another in search of gas.
Recently, Aliko Dangote, President of the Dangote Group, disclosed that the refinery was currently producing 2,000 tonnes of LPG per day, adding that it planned to increase output further in order to meet the nation’s demand.
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