L
LequteMan
Guest
The cooking gas business in Nigeria has been hijacked by a cabal, according to a report from the Nation.
This is the reason for the current increase in the price of cooking gas, the report says. The price of cooking gas has risen sharply from N2.3 million to N4.3 million for 20 tonnes. The cost of filling a 12.5-kilogramme cylinder also went up from N3,000 to N4,000.
Off-takers appointed by the Nigeria LNG hijacked the LPG business as they control the shipping and the terminals from which the product is supplied to various sales points in the country.
This is happening because NLNG and other agencies failed to perform their regulatory duties.
The Liquefied Petroleum Gas Retailers (LPGAR) National Chairman, Mr. Michael Umudu, confirmed that the LPG business has been hijacked by a cabal. But he did not mention names.
Read more
This is the reason for the current increase in the price of cooking gas, the report says. The price of cooking gas has risen sharply from N2.3 million to N4.3 million for 20 tonnes. The cost of filling a 12.5-kilogramme cylinder also went up from N3,000 to N4,000.
Off-takers appointed by the Nigeria LNG hijacked the LPG business as they control the shipping and the terminals from which the product is supplied to various sales points in the country.
This is happening because NLNG and other agencies failed to perform their regulatory duties.
The Liquefied Petroleum Gas Retailers (LPGAR) National Chairman, Mr. Michael Umudu, confirmed that the LPG business has been hijacked by a cabal. But he did not mention names.
Read more
