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Marketers Groan As Cooking Gas Demand Crashes Amid Rising Prices


Reports say demand for Liquefied Natural Gas (LPG) popularly known as cooking has dropped to a record low across the country.

 

Market report gathered on Tuesday showed that consumers had lately either reduced consumption or ditched the commodity for cheaper alternatives such as coal and firewood.

 

President, Nigerian Gas Association, ED UBONG, said during a downstream event in Lagos that national annual consumption was currently between 1.3mn and 1.5mn metric tons from the Federal Government’s annual target of 5mn metric tons.

 

This brings to fore, the achievement of President BUHARI’S National Gas Expansion Programme which seeks to deepen local gas usage within the next decade.

 

Executive Secretary, Nigerian Association of Liquefied Petroleum Gas Marketers, NALPGAM,  BASSEY ESSIEN, confirmed to newsmen during a phone interview that the drop in consumption rate was due to increasing prices.

 

 According to him, price of 20 metric tons of cooking gas shot up from N12mn to N12.8mn.

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