Tuesday, October 27, 2026
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
  • Home
  • News
    • Foreign
    • Crime
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates
No Result
View All Result
Freedom Online
No Result
View All Result

Gas retailers not responsible for price hike, says LPGAR

Robert Imoh by Robert Imoh
October 11, 2025
in Business, News
0
Share on FacebookShare on TwitterShare on Whatsapp

Liquefied Petroleum Gas Retailers Association of Nigeria (LPGAR) has said retailers should not be blamed for the current hike and scarcity of Liquefied Petroleum Gas (LPG), also known as cooking gas.

 

Mr Ayobami Olarinoye, Chairman of LPGAR under the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG),said this in a statement on Saturday in Lagos.

 

He said the rising cost and limited availability of LPG stem from supply challenges, not price manipulation by retailers.

 

“The recent scarcity and spike in LPG prices have brought untold hardship to millions of Nigerian households and businesses. We understand this pain and feel compelled to clarify the role of retailers in this crisis,” Olarinoye said.

 

The chairman was reacting to comments by the President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), who reportedly blamed retailers for the price surge.

 

Describing the allegation as “unfair and misleading,” Olarinoye explained that retailers neither operate at the depot level nor act as importers or primary off-takers.

 

“Our operations are limited to buying gas from plant owners and selling to end-users. Many of us travel to neighbouring states to purchase LPG at high costs due to supply shortages, which naturally affects retail prices,” he said.

 

According to him, although Dangote Refinery has not increased its gas price, supply irregularities have created a demand-supply imbalance that continues to drive up prices.

 

“Some retailers have had to shut their outlets for days or weeks because they couldn’t access supply, resulting in huge business losses and operational strain,” he said.

 

Olarinoye stressed that the price hike is driven purely by market forces.

 

“If plant owners increase prices, we have no choice but to adjust ours. We cannot be expected to sell at a loss,” he said.

 

He noted that while Dangote Refinery is a major market player, it currently lacks the capacity to meet Nigeria’s total LPG demand, which has risen from less than one million metric tonnes to over 2.3 million metric tonnes annually.

 

He said off-takers, who should complement Dangote’s supply by importing or sourcing from the Nigeria Liquefied Natural Gas (NLNG), have slowed operations due to uncompetitive pricing.

 

“Dangote sells a 20-metric-tonne truckload of LPG at about N15.8 to N16 million, while off-takers offer the same quantity at N18.5 to N18.6 million.

Naturally, buyers opt for the cheaper option, reducing importation and worsening scarcity,” he said.

 

He added that the recent PENGASSAN strike only aggravated an already fragile supply chain.

 

“Even after the strike was called off, supply has not stabilised. Some plant owners have paid for gas from Dangote but are yet to load due to long queues and limited availability,” he explained.

 

Olarinoye urged the government to bridge the price gap between Dangote and off-takers to ensure consistent supply and market stability.

 

“We don’t know the exact landing costs from NLNG, but if off-takers were making enough profit, they would price competitively. As it stands, they’re reluctant to restock,” he said.

 

He stressed that the ongoing crisis is rooted in systemic supply issues, not retailer manipulation, and called for collaboration among stakeholders.

 

“Blaming retailers will not solve anything. We urge the government and industry players to work together to boost domestic production, encourage competitive pricing, and stabilise supply nationwide,” he said.

 

Olarinoye assured customers that the union remains committed to restoring normalcy.

 

“We share the public’s frustration and are working toward solutions. Until then, supply and demand will continue to drive market prices,” he noted.

Share25Tweet16Send
Previous Post

GOCOP Conference: NOA D-G, Lanre Issa-Onilu, tasks media practitioners to probe manifestos of aspiring political office holders

Next Post

2026 W’Cup Qualifier: Chelle, Troost-Ekong rally Super Eagles after vital win

Next Post

2026 W’Cup Qualifier: Chelle, Troost-Ekong rally Super Eagles after vital win

Akpabio

Trials and Triumphs of a Resilient Nigeria's 10th Senate, by Eseme Eyiboh

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://freedomonline.com.ng/wp-content/uploads/2026/04/VID-20260408-WA0025.mp4
https://freedomonline.com.ng/wp-content/uploads/2025/01/5aeac180-db4e-4e7c-bd37-07ddbf15b053.mp4

Popular Stories

Plugin Install : Popular Post Widget need JNews - View Counter to be installed

Latest Stories

2027 Elections: Wike Unveils 49 Rainbow Coalition Candidates in Rivers, Fubara Backs Alliance

October 27, 2026

Kogi International Airport: Ododo Reveals Construction Progress, Targets 2027 Milestone

October 27, 2026

El-Rufai’s ₦1bn Rights Suit: Court Fixes December 2 for Judgment

October 27, 2026
Alt="President Bola Tinubu"

Tinubu Seeks Senate Approval for $20.52bn, €1.05bn Foreign Loans

October 27, 2026

Lagos-Calabar Coastal Highway: Tinubu’s Aide Rejects Abandonment Claims

October 27, 2026

Lagos Targets $50bn Climate Investments at COP31, Unveils 300 Projects

October 27, 2026

NCDC Confirms No Active Ebola Case in Nigeria, Monitors 54 Contacts

October 27, 2026
Freedom Online

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.

Navigate Site

  • Home
  • News
  • Business
  • Politics
  • Health
  • Entertainment
  • Interview
  • Sports
  • Ad Rates

Follow Us

No Result
View All Result

© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.