CITIZENS COMPASS — The price of domestic gas has hit N1, 000 per Kilogram in some parts of Lagos State.

Findings revealed that 12.5kg domestic gas is being dispensed at N12,500 as against its former price of N10, 000.

Recently, the President, Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, warned that the price of 12.5kg cooking gas could hit as high as N18,000 by December if the Federal Government did not checkmate the activities of the terminal owners.

Despite the warning, Olatunbosun said that the government was yet to wade into the crisis as at Monday. 

“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.

According to him, 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.”

Recall that recently, terminal owners jerked up the price of cooking gas from between N9m-N10m per 20 metric tons to N14m.

“There is a ridiculous hike in gas prices going on right now, and I am afraid that if the Federal Government does not step in to checkmate the activities of these terminal owners, price could reach as high as N18m for a 20 metric tons truck by December. This means that a 12.5kg could go as high as N18,000,” he said. 

–The PUNCH .