The Nigerian Association of Liquefied Petroleum Gas Marketers has warned that cooking‑gas prices are being artificially inflated across the country. National President Oladapo Olatunbosun said the current price range of ₦1,700‑₦2,000 per kilogram is not the result of an official increase but rather the work of market opportunists exploiting a supply shortage.
Olatunbosun explained that the scarcity stems from a crisis between members of the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Dangote Refinery. Before the strike, the refinery was producing and supplying about 50 trucks of gas per day, which helped keep prices stable. The strike, coupled with renovation work at the refinery, disrupted supply and triggered the price surge.
The president blamed marketers who are profiteering from the shortage, calling the practice “wrong” and stating that the association “frowns” on it. He assured that the scarcity will soon be resolved as products are being trucked out nationwide. Olatunbosun noted that national gas consumption has risen sharply, but the average price should not exceed ₦1,300 per kilogram. He warned that buying from third parties or the black market drives up prices and is illegal, urging consumers to purchase gas from reputable sources such as gas plants, where the price caps at ₦1,300 per kilogram.
With the strike now over and shipments resuming, Olatunbosun expects the shortage to “fizzle out” by the weekend. The association reiterated its commitment to maintaining a stable gas supply and combating artificial price hikes. As the market normalizes, consumers can anticipate lower prices and greater stability, providing relief to those affected by the recent scarcity.
Comments are closed for this story.