PENGASSAN vs Dangote: NALPGAM Reveals Reason For Rising Cost Of Cooking Gas

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has blamed the increase in the price of cooking gas across the country on the activities of middlemen, stating that the current price hike is artificially induced.

Speaking on Wednesday as a guest on Channels Television’s The Morning Brief, the National President of the Association, Oladapo Olatunbosun, clarified that there has been no official increase in the price of cooking gas.

Naija News reports that folowing the industrial dispute between members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Refinery, the cost of refilling gas cylinders skyrocketed between about ₦1,700 and ₦2,000 per kilogram, depending on the location, and at ₦3,000 in some extreme cases.

The increased price also came with a scarcity of the product.

However, the NALPGAM official said some marketers are taking advantage of the current shortage of gas supply in the market to make undue profits.

He promised Nigerians that normalcy will return in a few days.

“I sympathise with Nigerians as the President of NALPGAM because we never intended to have a situation like this.

“I must say it categorically that prices of cooking gas have not gone up. No increment has been done officially.

“What is happening is that some marketers are taking advantage of the shortage in supply and the market forces that have increased demand. They are cashing up to make good money, which is wrong.

“We frown at this as an Association, and I’m happy that by the grace of God, normalcy will return in the next few days,” he said.

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