Cooking gas consumption reached 1m metric tonnes in 2020 dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.
The report showed that states with the highest average price of petrol were Abia (N176.19), Kwara (N172.43) and Kebbi (N169.92).
The states with the lowest average price of the PMS were Kaduna (N155.00), Katsina (N160.25) and Bauchi (N162.57).
Meanwhile, a separate report on Liquefied Petroleum Gas (cooking gas) showed that the average price for the refilling of a 5kg cylinder increased by 0.12 per cent month-on-month and decreased by -3.41 per cent year-on-year to N1,949.75 in December 2020 from N1,947.47 in November 2020.
The report showed that states with the highest average price for the refilling of a 5kg cylinder for cooking gas were Bauchi (N2,489.12), Borno (N2,396.69) and Adamawa (N2,392.88).
THE STANDARD
FINANCIAL STANDARD
The National Oil Corporation of Kenya (Nock) could soon lose the mandate of managing the country’s strategic petroleum reserves, further weakening the State-run company.
If proposals by the Petroleum ministry go through, this will become one of many key functions that the oil marketing company has lost over the years through a combination of factors, including regulation and market forces.
While it has never lived up to the mandate of setting up and managing the country’s strategic oil stocks, Nock had been expected to play a bigger role in its core mandate of stabilising and influencing retail prices of petroleum.
The Petroleum Products Pricing Regulatory Agency (PPPRA) says Nigeria’s domestic consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has exceeded one million Metric Tonnes (MT) in 2020.