More problems looming for gas consumers as price of 12.5kg cooking gas increased from N10,000 to N12,500 in Nigeria.

Gas marketers says, the reason is due to the activities of terminal operators who complain of high Forex.

Refilling of 12.5kg cooking gas was N9,000 as of last month in Lagos.

WAKADAILY reported how the President, Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, warned that the price of 12.5kg cooking gas may rise to N18,000 by December if Nigeria Government does not impose restrictions on the terminal owners’ operations.

Despite the warning, Olatunbosun told Punch that the government was yet to wade into the crisis.

“Yes, the price is now N1,000 per kilogram but the government is yet to step in despite a meeting we had with the NMDPRA,” he said.

He lamented that, gas retailers still buy 20 metric tons of gas for N14m at the depot.

“We still buy a 20 MT truck at N14m at the depots. And the price of diesel has increased that it now costs N1.7m to take gas from Lagos to the North due to the high cost of diesel. If we sell here at N1,000 per 1kg, just imagine how much it would cost in the Middle East and North.

“What we pray for is for prices to come down so that the ordinary masses can benefit from the decade of gas policy of the Federal Government that seeks to make gas accessible and affordable for the common man.”

According to him, the rising international prices, high tax rates and prices of vessels, forex scarcity, and naira devaluation are some of the reasons for the intended price change.