Scarcity Of Cooking Gas in Lagos, Kano, Katsina, etc: READ WHY

Scarcity Of Cooking Gas in Lagos, Kano, Katsina, etc:

A Market survey done by our research team at KACHI TV shows that 12.5kg of cooking gas now sells for between N13,500 and N14,000 at the black market.

The Scarcity of Liquefied Petroleum Gas also known as cooking gas is steadily become reality majorly in Lagos, Kano, Kastina. Other affected states are: Katsina, Sokoto, Delta, Kaduna and Kano.

This price hike has been noticed, since October 2023, causing more reasons for scarcity to hit the market, KACHI TV noticed. Lately, it has been discovered that gas terminal owners increased price by 66 percent in October alone. Price of 20 metric tons of cooking gas rose from N10m at the beginning of last month to N16 million as of late last month despite NLNG currently supplying 20MT of cooking gas to them at N9m.

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Scarcity Of Cooking Gas in Lagos

As of June, the price of 12.5kg was around N8, 700. In September price rose to N10, 200, and as of Saturday, price had again risen to between N13, 500-N14, 000.

SOURCE – NEWS COLLABORATION WITH PUNCH NG