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No end in sight to cooking gas price increase

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The surge in the price of cooking gas may not end soon if the current development is to go by.
1 kg of cooking gas is currently N2,000 as against N1,200 that was sold some months back.
Many Nigerians are currently groaning over the surge in the price of cooking gas.
The Exclusivesonline gathered that Nigerians may have to wait for a while unless drastic action is taken to address the sudden increase in the price of cooking gas.
The  Nigerian Association of Liquefied Petroleum Gas Marketers [NALPGAM] has also warned that the supply crisis could push millions of households and businesses into deeper hardship.
Operators in the industry attribute the rise to supply pressure in depots, high replacement cost, logistical hiccups, and foreign exchange pressure influencing importation and distribution of LPG and festive demand surge.
The Exclusivesonline gathered that the price of cooking gas has surged three times recently within two weeks. It rose from N1,200 to N1,500, then N1,700 and N1,800 per kilo and now, as at May 27th, is selling for N2,000-N2200 in various towns in Nigeria. Many Consumers refilled a 12.5kg cylinder of gas for N24,700 and more last week.
Executive Secretary of the NALPGAM, Bassey Essien, said that marketers made repeated representations to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) seeking incentives, but have not received relief.
“The problem is beyond marketers. Domestic suppliers such as NLNG and the Dangote refinery cannot meet the rising demand,” Essien said.
Industry data show NLNG has supplied about 400,000 metric tonnes to the domestic market since 2020, when local demand was around 1.2 million metric tonnes.
Demand has now risen to about 1.9 million metric tonnes, leaving a significant shortfall. Dangote Refinery’s earlier contribution to the local market — previously as much as 50 per cent of its available LPG — has been cut back because some output is being used as feedstock for fertiliser production.
According to him, the NLNG has been supplying the entire 400,000 metric tons to the local market since 2020 when market demand was about 1.2 million metric tons.
Now, the demand has risen to 1.9 million metric tons, and the supply from NLNG cannot come anywhere close to meeting market needs.
According to Essien, off-takers previously obtained between 500 and 5,000 metric tonnes from Dangote, but this has now been reduced to about 250 metric tonnes.
The supply shortage has caused wholesale depot prices to jump to between N25.2 million and N26.2 million for a 20-metric tonnes truck.
Recall that the federal government had, in November 2024, tried to stop the export of LPG to boost domestic supply, but investigations revealed that the export has not stopped entirely.
The Minister of State, Petroleum Resources (Gas), Obongemem Ekperikpe Ekpo, had announced the directive on 22 October 2024 in Abuja, after a high‑level meeting with industry stakeholders, including NNPC Ltd. and LPG producers.
Meanwhile, NALPGAM executive secretary, Bassey Essien, said the domestic price has continued to increase because the quantity supplied by NLNG is benchmarked at international market prices and, as such, marketers would add up their running costs, which pushes up the price that is transferred to consumers.
Also, the Nigerian LPG marketers are aggressively seeking government incentives and market reforms to stimulate demand, stabilise erratic retail prices, which have now surged toward N1, 800 to N2,000 per kg, and triple the country’s annual supply to 6 million metric tonnes.
To achieve sustainable market penetration, the industry is advocating the following critical incentives: the elimination of Value-Added Tax (VAT) on locally produced cooking gas and subsidising the cost of cylinders and accessories for low-income groups and cooperatives.
Developing robust domestic blending, storage, and delivery facilities is also part of their demand to cut landing and operational costs.
Also, enforcing the prioritisation of domestic LPG allocation over exports to prevent severe structural supply deficits, while providing forex intervention to help marketers ease the financial burden of importing equipment and products amid volatile global energy shocks.
Meanwhile, the global LPG market is actively surging, driven by a strong shift toward clean residential energy and petrochemical feedstock needs.
The market valuation is projected to grow significantly from approximately $176 billion to $273 billion by 2034.
However, this upward trend is accompanied by increased price volatility due to geopolitical supply disruptions.
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One killed as four vehicles crash on Kara Bridge

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Truck being evacuated at the scene of the early morning accident

The Lagos State Emergency Management Agency (LASEMA) has confirmed that four vehicles were involved in the early morning accident on Kara Bridge, inward Mowe-Ibafo.

The accident, which was caused by brake failure, disrupted vehicular movement on the bridge.

LASEMA, however, responded promptly by sending its Response Team.

Explaining in a statement, the Head of Public Affairs, LASEMA, Afolabi Olawale,
on behalf of the Permanent Secretary, LASEMA, Dr Damilola Oke-Osanyintolu, said the LASEMA Agency’s Response Team was deployed at 05:46hrs following reports of a truck accident obstructing the corridor.

“On arrival, responders found a truck laden with bags of monosodium glutamate which had fallen on its side across the carriageway, obstructing approximately 75 per cent of the road inward Mowe-Ibafo.

“Preliminary investigation indicates that the incident was caused by a mechanical failure, specifically brake failure, which led the driver to lose control and the vehicle to overturn.

“The impact triggered severe traffic congestion and resulted in a secondary collision involving four other vehicles, including a Toyota Sienna, a mini truck conveying paints, a flatbed truck loaded with imported plywood, and another fully loaded truck. As a result of the secondary impact, paint and wooden sheets were spilled across the roadway.”

He disclosed that an adult male was found trapped beneath the overturned truck and was confirmed dead at the scene, with two others sustaining minor injuries.

The body was handed to the Federal Road Safety Corps for evacuation.

Oke Osanyintolu further stated that to safeguard road users, the incident area was immediately secured, and traffic management measures were activated to minimise the risk of further incidents and to ease vehicular movement.

” Recovery operations were commenced with the support of two private tow trucks, working to evacuate the affected vehicles and clear the obstruction.

“The operation is being jointly coordinated by the LASEMA Response Team, the Federal Road Safety Corps, the Nigeria Police Force, and the Lagos State Traffic Management Authority,” Oke -Osanyintolu stated.

Recovery efforts are currently ongoing to remove the vehicles, clear the spilled contents, and restore full vehicular movement along the affected corridor.

LASEMA advised motorists to exercise patience, adhere to diversions and instructions from traffic officials on ground, and maintain safe driving speeds, particularly around Kara Bridge.

Oke-Osanyintolu commiserated with the family of the deceased and wished the injured a speedy recovery.

“We also appreciate the professionalism of all responders and the cooperation of road users during the operation.

“LASEMA remains committed to protecting lives and property and will continue to work with sister agencies to ensure prompt and effective emergency response across the State,” he concluded.

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LASEMA contains gas tanker fire

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The Lagos State Emergency Management Agency (LASEMA) has contained a fire incident involving a gas-laden tanker at Ola Farm Bus Stop, along Abaranje Road in Ikotun, Lagos.

The incident, which happened earlier today, caused temporary inconvenience to members of the community, and has since been arrested by the
Response Team of LASEMA.

According to a statement by the Head, Public Affairs , LASEMA,  Afolabi Olawale, on behalf of the agency’s Permanent Secretary, Dr Olufemi Damilola Oke-Osanyintolu,  the Response Team met the tanker engulfed in flames when it got to the scene of the incident.

Initial findings, according to the statement, revealed that the vehicle was travelling at speed when it struck a road bump. The impact caused the driver to lose control, which led to a tyre burst and an immediate fire outbreak.

However, LASEMA, working in close coordination with the Lagos State Fire and Rescue Service,  moved in, suppressed the fire, secured the perimeter, and prevented any escalation that could have threatened nearby homes, businesses and road users.

The statement added that the operation was supported by the Lagos State Traffic Management Authority, the Federal Road Safety Corps and officers of the Nigeria Police from Ikotun Division, who managed crowd control and traffic diversion to ensure safety and order at the scene.

Oke-Osanyintolu was grateful that there were no casualties.

“The situation has been brought under control and the fire fully extinguished.
“Efforts are now focused on the safe evacuation of the affected tanker from the roadway. To achieve this, LASEMA has deployed heavy-duty equipment to lift and remove the vehicle to restore normal traffic flow in the area. The operation remains ongoing,” Oke-Osanyintolu said.

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FG sets aside N3.6bn to support tailors, other artisans

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President Bola Tinubu

By Obaloluwa Darasimi

The Federal Government has approved the release of N3.6 billion to support artisans across the country, with a major focus on the tailoring industry under the Skill Up Artisans (SUPA) programme.

The Director-General of the Industrial Training Fund (ITF), Dr Hafiz Oluwatoyin Ogun, disclosed this in Abuja during the registration and screening exercise for the third phase of the SUPA programme.

According to Ogun, President Bola Tinubu directed that the fund be earmarked for artisans, particularly tailors, who constitute the largest group of artisans in Nigeria.

He said that under this year’s programme, the ITF would concentrate on strengthening tailoring businesses by providing training, business incubation and other forms of support.

Ogun added that the agency targets no fewer than 200,000 beneficiaries in the tailoring sector during the current phase of the initiative, describing the programme as part of the Federal Government’s efforts to enhance vocational skills, promote entrepreneurship and create sustainable employment opportunities.

Ogun said SUPA is a pet project of President Ahmed Bola Tinubu. “The President is not happy that for as little as a plumbing job, Nigerians import skilled artisans from neighbouring countries; they even go as far as China, Bangladesh and far-off countries to bring in artisans, meanwhile able men and women are crying for jobs in Nigeria.

“This shows that the Nigerian informal sector has not been organised in years, which is why the President is doing all it takes to ensure the ITF organises the skill sector, and it is being done through the SUPA program.

“The order is to ensure artisans are well trained and meet up to global standards. After their training, if they do well, they should be given both local and international certificates. Their jobs and crafts should be licensed and captured under national data.”

The Director-General of the Industrial Training Fund (ITF), Dr Hafiz Oluwatoyin Ogun, said the Skill Up Artisans (SUPA) programme is being implemented across all the senatorial districts in the country, with some districts operating between two and three training centres.

He explained that the programme offers three pathways for participants upon completion, one of which is talent export.

According to him, President Bola Tinubu is not opposed to Nigerians seeking opportunities abroad but has consistently advised those intending to relocate to first acquire marketable skills and obtain recognised certifications that would make them competitive in the global labour market.

Ogun also disclosed that the ITF would assist graduates of the programme to secure employment in industries. He said beneficiaries’ profiles, including their skills and areas of expertise, would be uploaded to the ITF marketplace and integrated into the agency’s database.

He explained that the platform would enable prospective employers and clients to search for artisans by name or skill, making it easier for trained participants to access job and business opportunities.

 

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