Gas marketers, who are part of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), are pointing fingers at the Liquefied Petroleum Gas (LPG) terminal owners for the high cooking gas prices. They voiced their concerns during a meeting with the Senate Committee on Gas.
Cooking gas prices have risen, hitting at least N1,200 per kilogram cylinder. NALPGAM’s President, Oladapo Olatunbosun, argued that the gas terminal owners are to blame because they get the gas at a cheaper rate from the Nigeria LNG plant but sell it to marketers at a much higher price.
Here’s the kicker: Gas terminal owners buy the gas for around N9 million for 20 metric tonnes from the NLNG plant but sell it for a whopping N16.8 million. This huge price difference is hurting everyday Nigerians who need cooking gas.
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Olatunbosun raised a valid concern about the impact of this high gas cost on people’s lives. Cooking gas is a basic necessity, and when its price skyrockets, it affects everyone, especially those with limited budgets.
The situation is frustrating because the government has worked to keep things affordable for the people. Olatunbosun pointed out that some terminal owners are taking advantage of the situation, buying cheap and selling high, and then blaming the government.
The good news is that the Senate Committee on Gas is taking this matter seriously. They’ve promised to investigate and find a solution to this issue, which is not just about prices but also has environmental implications in terms of climate change and greenhouse gas emissions.
In sum, gas marketers are raising concerns about high cooking gas prices, and they’re looking to the Senate for help in resolving this issue that affects the daily lives of Nigerians.
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