The price of 12.5kg cooking gas in Nigeria might rise to N18,000 in December.
Olatunbosun Oladapo, President of the Nigeria Liquefied Petroleum Gas Association (NLPGA) reported a great surge in prices at terminals.
Previously priced at around N9-N10 million per 20 metric tons, the cost has now reached N14 million per 20 metric tons.
Without government intervention, Oladapo warned that the price could potentially reach an alarming N18 million per metric ton by December 2023.
“This would result in a 12.5kg gas cylinder costing as much as N18,000.
“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 charcoal.
“The surprising thing was that they visited President Tinubu last week, and promised to work together with his administration to make life better. Now they have come back and started doing something else.”