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LequteMan
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Major distributor of liquefied petroleum gas in Nigeria, ALGASCO, has hiked price of the cooking gas by 48%, prompting an angry response from marketers of the product in the country.
Other distributors still sell at old prices, investigation reveals.
Excerpt from Vanguard:
Nigerians will be compelled to pay a sudden 48 percent price increase for liquefied petroleum gas, LPG, also known as cooking gas, as a 12.5 kilogramme of the product has risen to N4,000, up from N2,700 previously.
This is even as the development has also set the marketers, under the aegis of the Nigerian Association of LPG Marketers, NALPGAM, and ALGASCO LPG Services Limited on a collision course over the arbitrary increase.
NALPGAM President, Mr. Basil Ogbuanu, alleged that ALGASCO, operator of the Apapa gas terminal of Navgas, increased LPG price without justification. He also accused the company of ordering other off-takers, who use its terminal not to sell to marketers at a certain price.
The marketers are therefore protesting against what they call, “the sudden increase of LPG price” by the company. They noted that the Mont Belvieu LPG price, which is the international pricing model used by the Nigeria LNG Limited, NLNG, to sell gas to the domestic market has not increased its price.
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#Nigeria #CookingGas #LPG #Lagos #Vanguard
Other distributors still sell at old prices, investigation reveals.
Excerpt from Vanguard:
Nigerians will be compelled to pay a sudden 48 percent price increase for liquefied petroleum gas, LPG, also known as cooking gas, as a 12.5 kilogramme of the product has risen to N4,000, up from N2,700 previously.
This is even as the development has also set the marketers, under the aegis of the Nigerian Association of LPG Marketers, NALPGAM, and ALGASCO LPG Services Limited on a collision course over the arbitrary increase.
NALPGAM President, Mr. Basil Ogbuanu, alleged that ALGASCO, operator of the Apapa gas terminal of Navgas, increased LPG price without justification. He also accused the company of ordering other off-takers, who use its terminal not to sell to marketers at a certain price.
The marketers are therefore protesting against what they call, “the sudden increase of LPG price” by the company. They noted that the Mont Belvieu LPG price, which is the international pricing model used by the Nigeria LNG Limited, NLNG, to sell gas to the domestic market has not increased its price.
click here to read more
#Nigeria #CookingGas #LPG #Lagos #Vanguard
