Repeal import tax cooking gas to reduce price; dealers beg Federal Government.

Written by on September 3, 2021

Some dealers in Liquefied Petroleum Gas, otherwise called cooking gas, in Nsukka have blamed price hike on the reintroduction of import tax on the commodity.

Those who spoke on the development in separate interviews with the newsmen of Nigeria in Nsukka on Thursday urged the Federal Government to repeal the tax.

They said n’t removing the tax was the only measure that could bring down the retail price of the commodity in the country. I

Mr. Emma Ani said: “We know that over 60 per cent of cooking gas in the country is imported. The importers will add Value Added Tax (VAT) to the cost of importation and other expenses.

“Around November 2020 when there was no VAT, 6kg cost between N1,800 and N2,000 to refill at the retail gas plant, while 12.5kg costs between N3,500 and N3,800.

“But today because of VAT, 6kg is refilled between N3,200 and N3,400, while 12.5kg costs between N6,250 and N6,350,” he said.

According to Ani, this import tax was removed some years ago but the federal government decided to bring it back two months ago.

Credit: Punch


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