FACTORS THAT MAY HAVE PROMPTED UNEXPLAINED LNG PRICE HIKE
DESPITE COVID, GLOBAL GAS MARKET MARKED BY BULLISH TREND
2021-12-04 09:56
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Neither the government nor the gas companies have explained why the LPG prices for commercial cylinders have been increased, a decision that has caused widespread concern on its effect on the slowly recovering economy. Both seem to believe that they don’t owe an explanation anyway as their approach has been arbitrary and inconsiderate: a kind of like it or lump it attitude. The public at large is at a loss to understand why prices have been hiked even as petroleum prices have been on a downward trajectory, further aided by Omicron concerns, the depth of which still remains unclear.