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Nigerians React As Gas Marketers Accuse Terminal Operators Of Orchestrating Recent Price Rate
Nigerians React As Gas Marketers Accuse Terminal Operators Of Orchestrating Recent Price Rate....KINDLY READ THE FULL STORY HERE▶

Gas marketers, represented by the Nigerian Association of Liquefied Petroleum Gas Marketers (NLPGM), have alleged that a group of terminal operators, acting as a cabal, is responsible for the recent surge in product prices. These marketers argue that this group of confident marketers unilaterally determines the price of LPG, to the detriment of ordinary Nigerian consumers.
NLPGM President Oladapo Olatunbosun conveyed this concern to the National Assembly during a session with the Senate Committee on Gas. He highlighted the fact that, despite the consistent and uninterrupted supply of gas by the Nigeria Liquefied Natural Gas (NNLG), certain prominent marketers have assumed control over pricing, resulting in significant price increases.
Olatunbosun explained the situation, stating, “The Cabals are making it difficult for the average Nigerian to have access to gas. As of today, gas is sold by these terminal owners for N16.8m for 20 metric tonnes, whereas NNLG sells to them for a little bit less than N9m.
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He further identified the terminal operators involved, such as NAVGas, NIPCOPLC, Matrix Energy Ltd, Prudent Energy Ltd, Shafa Energy, Techno Gas, StockGap Ltd, Mobil, Pan Ocean Limited, NNPC, OLogbo, NSPC Apapa, SHELL, Dozzy LPG terminal.
The gas prices charged by these terminal operators have risen significantly, leaving many Nigerians struggling to afford this essential commodity. Olatunbosun highlighted the hardships this has caused, especially for students and low-income workers.
Additionally, Olatunbosun emphasized that Nigeria possesses substantial gas reserves and production capacity, and therefore, there is no justification for such exorbitant pricing. Terminal operators have cited foreign exchange transactions as a rationale for continuous price hikes, which Olatunbosun questioned.
He further implored the Senate Committee to intervene and protect the average Nigerian consumer from these terminal operators, warning that if the situation persists, gas could become a luxury product accessible only to the affluent.
Senator Jarigbe, the chairman of the Senate Committee on Gas, expressed his commitment to addressing this issue, emphasizing the government’s intention to make gas supply more accessible to the population. He pledged to support the gas marketers in rectifying the pricing issue and ensuring that gas remains affordable for all Nigerians.
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