The foreign exchange scarcity as well as the hiccup in the supply chain of Liquefied Petroleum Gas (LPG) otherwise known as cooking gas are currently behind the scarcity of the product in the country, Daily Trust reports.
A market survey revealed that refilling a 12.5kilogramme (kg) cylinder, now costs N5,000 instead of N3,400 in November, while a 6kg cylinder goes for 2400 instead of N1,600. Sources have said that the devaluation of the naira is one of the issues affecting LPG pricing as the price of the product is denominated in foreign currency.
Sources also said for the past 10 days now there was lockdown at the jetties due to the non-discharge of an ATK parcel meant for OANDO. This prevented a vessel called MT Glende Melaine currently waiting to discharge LPG, from offloading its cargo. NLNG is also presently doing its best in terms of supply but the dearth of reception points is a major hindrance.