32.7 C
Sierra Leone
Sunday, January 29, 2023

Dollar Rise Shoots Cooking Gas Price

HomeAYV NewsDollar Rise Shoots Cooking Gas Price

Dollar Rise Shoots Cooking Gas Price

Date:

Related stories

ReNIP to Hold Lower-Level Elections This Weekend

The Republic National Independent Party (ReNIP), will tomorrow 28th...

Multi-Purpose Biometric Identity Cards Set to be Launched

His Excellency President Dr Julius Maada Bio will officially...

Health Ministry Engages AYV Staff on the Need for COVID Vaccination

The Health Education Division at the Ministry of Health...

The Notice reads: “Be informed that due to the continued increase in the price of the Dollar, ‘AfriGas’ is forced to increase our prices by Le10,000 on most items, effective July 28, 2018”.

 The price hike includes the 6,12 and 45kg cylinders sold by the Company. It remains unclear whether the increase might affect the NP Gas, another leading importer of cooking gas in Sierra Leone.

 Upon receiving the Notice from ‘AfriGas’, some Hotel and Restaurant Managements have begun expressing concerns, with fears that they will soon increase the costs of their products, without option.

James Tejan, is a Manager of a popular Restaurant in the West of Freetown. He commends ‘Afrigas’ in a telephone conversation for what he refers to as , the Company’s resilience”. Tejan says “the Company has been battling with the increase in the foreign exchange rate, and should have increased the costs of its product long before now. We can only say kudos to the Company for its late action”.

It is evident however that the gradual use of cooking  gas for domestic use in the homes has also been discouraging the high number of charcoal production in the recent past, and if the cost of cooking gas continues to hike without immediate regulation, then deforestation will have to increase.

Business News

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

NPPA Releases First Quater 2023 Public Procurement Price Norm

The Board, Management and Staff of the National Public Procurement Authority (NPPA), with appropriation to the Government of Sierra Leone through the Ministry of...