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Cooking Gas Price Hike: APC Chieftain Urges Tinubu’s Intervention

A prominent figure within the ruling All Progressives Congress (APC) in Osun State, Olatunbosun Oyintiloye, has called upon President Bola Ahmed Tinubu to address the escalating costs of cooking gas amidst the prevailing economic challenges in Nigeria. 

Oyintiloye made this plea during discussions with journalists on Sunday.

The recent surge in the price of a 12.5 kg liquefied petroleum gas (LPG) cylinder from N13,040 in February to a range of N17,500 to N18,000 across different regions in Nigeria has raised concerns among consumers. 

Oyintiloye suggested that the upward trend in prices could be attributed to LPG producers potentially diverting supplies for export rather than meeting local demands.

Despite the federal government’s announcement on February 22, 2024, prohibiting the exportation of LPG, Oyintiloye highlighted that the intended impact has yet to materialize. 

Expressing confidence in President Tinubu’s responsiveness to such issues, he emphasized the need for swift action to alleviate the burden on citizens.

The removal of fuel subsidies coupled with erratic electricity supply has compounded the challenges faced by Nigerians, underscoring the urgency for effective solutions.

 Oyintiloye stressed the importance of collective efforts from all stakeholders to address the complexities within the oil and gas sector and ensure sustainable measures are implemented.

In conclusion, Oyintiloye’s call for intervention from President Tinubu reflects a broader concern over the impact of rising cooking gas prices on the populace and underscores the necessity for coordinated actions to mitigate these challenges

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