*The Nigerian Association of Liquefied Petroleum Gas Marketers lament the current product price instability remains a huge challenge to their business survival and energy consumers in the聽 economy, urging the Federal Government to address the essential commodity issue

Isola Moses | 绿帽献妻

The marketers of Liquefied Petroleum Gas (LPG), otherwise known as Cooking Gas, have informed product consumers that the current galloping gas price hikes may make the commodity “only for rich people”.

The product dealers under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), appealed to the Federal Government to address the issue, says a report.

The LPG marketers also reportedly lamented the price instability had remained a massive challenge to their business survival in the economy.

Mr. Abideen Olatunbosun, National President of NALPGAM, who made the appeal Tuesday, September 26, 2023, at the association鈥檚 36th Annual General Meeting (AGM), said that the government needed to find a way to ensure the stability of gas prices in the West African country.

Essentials of LPG price stability in economy, by Olatunbosun

Olatunbosun said: 鈥淚t is very vital for me to say that the galloping hike in the price of gas in recent times stands as a big challenge to LPG marketers.

鈥淭he government needs to find ways to ensure the stability of gas prices as well as make gas available to the common Nigerians. “If nothing is done to the increase in price, gas will soon be a commodity for the few rich in our society.

The National President of NALPGAM further explained: “As a country, we need to improve on our gas utilisation level.

“If we adopt gas, it will save our forest, improve the quality of our lifestyle, and the economy will grow.

“The hike in the price of gas is a concern to all.鈥�