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Cooking gas may rise to N10,000 in December – Marketers warn
Entrepreneurs of Liquefied Petroleum Fuel popularly often called cooking fuel have warned that the worth of cooking fuel could improve to N10,000 by December 2021.
With the 12.5kg at the moment promoting for between N7,500 and N8,000, entrepreneurs are fearful that offer scarcity might even see the worth escalate to N10,000 in just a few months.
Whereas talking at a Pan-African discussion board, Platforms Africa on Saturday, October 9, LPG entrepreneurs mentioned many Nigerians are again utilizing firewood, sawdust, charcoal and different unrefined power sources for cooking despite the fact that costs of these supplies are additionally on the rise.
The Government Secretary of the Nationwide Affiliation of LPG Entrepreneurs, Mr Bassey Essien, urged the federal government to evaluate the just lately launched import fees and Worth Added Tax.
He mentioned if the recommendation is just not heeded “the worth of cooking fuel could as nicely attain N10,000 for a 12.5kg cylinder.”
Nevertheless, he mentioned entrepreneurs are discussing with authorities officers on how the state of affairs may very well be addressed.
