Marketers of Cooking Gas Blame Increasing Prices On Importation
Cooking gas marketers on Wednesday blamed its increasing prices on massive importation, causing anguish to end users.In the past few weeks, it costs between N4,200 and N4,500 to refill a 12.5kg cylinder of cooking gas, up from between N3,600 and N3,800.Mr Bassey Essien, Executive Secretary of the Nigerian Association of Liquefied Petroleum Gas Marketers, said in a statement is Lagos that “Nigeria consumes about one million metric tonnes of cooking gas annually, but 65 per cent of it is imported. “The CBN has no dedicated window for foreign exchange for cooking gas importers, hence the sourcing of foreign exchange at a high price which ultimately dictates the price the product gets to consumers.“This brings to the fore, our persistent request for the full domestication of cooking gas supply to guide against price manipulations by international market and foreign exchange forces. The price of 20 metric tonnes of cooking gas initially rose from N4 million to N5 million then to N5.3 mill