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AFRIGAS Suffers Foreign Exchange Rate Increase

AFRIGAS Suffers Foreign Exchange Rate Increase

The prices of different sizes of cooking gas is expected to slightly increase this month as a result of the continued increase in the foreign exchange rate.

‘AfriGas’ a private Company, is one of the importers of cooking gas in Sierra Leone. Its Customer Service,  on 1 Wilberforce Street, Freetown, has issued a Notice, to inform the public, through its Agents and Customers that the costs of its product will slightly increase by ten thousand Leones  (Le10,000), on most items, effective July 28th, 2018.

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.

By Alice Mozart Sesay

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