Two weeks after the Federal Government intervened in the liquefied petroleum gas market, cooking gas prices have yet to return to normal levels despite improved supply and reduced tension in the market.
Marketers said the government's emergency intervention has helped improve the availability of cooking gas, but consumers are still paying higher prices in many parts of the country.
The development has raised concerns among households already struggling with the rising cost of food, transportation and other basic needs.
According to marketers, the improvement in product supply has reduced the pressure that previously caused shortages and sharp price increases, but the effect has not fully reflected in retail prices.
Cooking gas is widely used by Nigerian households and businesses, making price increases a major concern for families, restaurants and other small businesses that depend on the product daily.
The Federal Government had introduced emergency measures to address supply challenges and stabilise the LPG market following concerns over rising prices and availability.
Although market tension has eased since the intervention, marketers said more time and further improvements in supply may be needed before prices return to previous levels.
Consumers are now watching closely to see whether improved supply will eventually lead to a significant reduction in the retail price of cooking gas across the country.
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