The Federal Government is putting methods in place to ensure further drop in the cost of Liquefied Petroleum Gas, LPG, also known as cooking gas.
Findings have showed that the price of 12.5kilograms of gas has dropped
from 8,800 naira to between 8,400 and 8,200 naira and that in some
outlets, the price dropped to between 7,800 and 8,000 naira as of
Thursday. It would be recalled that in November 2021, the cost of the
cooking gas kept rising, jumping by over 240 per cent between January
and October 2021.
The development forced some LPG users to shift to charcoal or firewood,
as consumers of the commodity raised the alarm over the persistent hike in
its price.
It was also reported that the product had increased by 240 per cent for
12.5kilograms, moving up from 3,000 to 10,200 naira within the first 10
months of 2021.
However, the Programme Manager, National LPG Expansion
Implementation Plan, Office of the Vice President, Dayo Adeshina said it
is in government’s interest for the price to drop steadily and that there are
certain initiatives that are being taken at the moment, which hopefully will
see to further drops in price regardless of the international cost.
