Business

Nigerians To Pay N18,000 For Cooking Gas By December

Published by Tope Fakinlede on September 18th, 2023.

Nigerians To Pay N18,000 For Cooking Gas By December

Gas retailers are sounding the alarm, warning that the price of a 12.5kg cooking gas cylinder could surge to N18,000 by December if the Federal Government does not intervene to regulate the actions of terminal owners

According to Olatunbosun Oladapo, President of the Nigerian Association of Liquefied Petroleum Gas Marketers, the price of cooking gas has skyrocketed at terminals.
Unless urgent measures are taken by the federal government, Nigerians may pay as high as N18,000 for 12.5kg of cooking gas by December 2023.

Olodqpo noted that the price had increased from around N9-N10 million per 20 metric tons to N14 million per 20 metric tons.

He also mentioned that if the federal government doesn’t intervene, the price of gas could potentially reach N18 million per metric ton by December.

“This would result in a 12.5kg gas cylinder costing as much as N18,000,” he said.
Olatunbosun expressed his worry over Nigerians saying; “Now, the ordinary man would not be able to buy gas. How many minimum wage earners can afford gas now? Everyone is turning to firewood and charcoa.