• NALPGAM warns against panic buying

The price of 12.5kg of cooking gas has risen 61% from N6,165 in September 2021 to N9,906 in September 2022.

This was revealed by the National Bureau of Statistics in its September 2022 LPG (cooking gas) price watch report.

The bureau said in its state profiling analysis that Cross River had the highest average retail price for a 12.5kg cylinder product at N10,937, followed by Kogi at N10,760 and Oyo at N10,724.

Conversely, Yobe had the lowest average price at N8,350, followed by Katsina and Taraba at N8,545 and N9,026 respectively.

A regional analysis showed that the Southwest had the highest average retail price of 12.5kg cylinders at N10,320, followed by the South at N10,202 and the Northeast at N9,300.

Due to rising prices, coupled with the recent force majeure declaration by Nigeria LNG Ltd, the Nigerian Association of LPG Marketers has warned Nigerians against panic buying.

Its president, Oladapo Olatunbosun, filed the appeal in a statement against the backdrop of NLNG’s declaration of force majeure at its gas facilities due to flooding.

Olatunbosun said gas consumers should not worry about possible product shortages due to force majeure.

“According to information reaching the association, NLNG has not closed its production facility in Bonney as has been rumored,” he said.

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