There are growing concerns over the rising price of cooking gas as a kilogramme is now sold for between N1,000 and N1,200 in parts of the country. There are also fears that the price may rise further owing to the scarcity of the product, which marketers are attributing to supply disruption.
In parts of Lagos Mainland, cooking was yesterday sold for N1,100/kg from N750/kg it was sold last week with many families and businesses expressing concern over the price hike. The situation was said to have forced many households in the state to resort to the use of charcoal. Vendors attributed the hike to the high cost of transportation occasioned by the high cost of diesel. Some gas retailer are even envisaging that cooking gas users might pay N1,200 before the end of the week.
Many people who come to my store are shocked by the prices. Many walk away unable to make a purchase. I understand their plight, but as a retailer, my hands are tied too. Cooking gas has become a luxury we can barely afford. Those who cook three meals a day now have had to cut back. It is disheartening.
The LPG sector is purely deregulated. Even though suppliers are trying their best, it is a combination of a lot of factors, mostly deregulation.