Opening up cooking gas market will crash prices – Consumer Association

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

A consumer body, the Cooking Gas Consumers Association of Nigeria (CGCAN) has reacted to the lingering issue of high cost of the ex-depot price of

It said the role played by middle men in the gas industry was the major contributory factor to the exorbitant and skyrocketing price of the essential item in the country.

‘‘But from 2020, we started witnessing a decline basically due to low local production and increased level of imports,’’ he had said. “Meanwhile, the real plant owners are subjected to ridicule and are sidelined and manipulated, to suit their preferred non-qualified middlemen, as licensed plant owners are made to waste their hard-earned resources in chasing after long list of requirements for them to be part of Offtakers, an effort that normally ends with no tangible result.

“But our call for sanity and fair play in the industry was not heeded, as those in NLGN are still not ready to make the price of gas to crash, because they have continued to connive with some selected Offtakers to operate in secrecy, thereby manipulating the cost of the cooking gas to the detriment of ordinary Nigerians.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

Business Business Latest News, Business Business Headlines