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Nov 21

Why Cooking Gas Prices Are Increasing in Nigeria and Steps Being Taken by the Government to Stem the Tide

Author: Dr Ayodele Oni
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Many Nigerians are wondering why cooking gas (LPG) prices keep rising, despite Nigeria's large gas reserves. They also wonder what the federal government of Nigeria (the “FGN”) might be doing to stem this tide. 

 

According to the now defunct Department of Petroleum Resources, Nigeria's gas reserves are 206.53 trillion cubic feet making Nigeria one of the top ten (10) countries in terms of proven gas reserves. Query then, is, why are cooking gas prices rising with international gas prices & not readily available a lot of the time.