The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has linked the hike in cooking gas prices to temporary supply disruptions and market exploitation by some operators.

Speaking on Channels Television’s ‘The Morning Brief’ on Wednesday, the Association’s National President, Oladapo Olatunbosun, stated that the increase has little to do with any official price adjustment.

According to Olatunbosun, there is no official increment in the price of Liquefied Petroleum Gas, and opportunistic marketers are taking advantage of supply gaps caused by the recent strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) against the Dangote Refinery.

“I sympathize with Nigerians as the President of NALPGAM because we never intended to have a situation like this.

“I must say it categorically that prices of cooking gas have not gone up. No increment has been done officially.

“What is happening is that some marketers are taking advantage of the shortage in supply and the market forces that have increased demand. They are cashing up to make good money, which is wrong.

“We frown at this as an Association, and I’m happy that by the grace of God, normalcy will return in the next few days,” he said. (Daily Sun)