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.
By Udeme Akpan
Against the possible return to fuel subsidy burden, the Federal Government may have begun moves to get the organised private sector to implement a shift to gas from petrol in powering automobiles.
An investigation by Vanguard shows that the Ministry of Petroleum Resources, through the National Gas Expansion Programme, NGEP, has already engaged with many stakeholders, including the Department of Petroleum Resources, DPR, Major Oil Marketers Association of Nigeria, MOMAN, and Independent Petroleum Marketers Association of Nigeria, IPMAN for this purpose.
The move, Vanguard learnt, became necessary as autogas is becoming increasingly cheaper while petrol prices are steadily going up.
Fuel subsidy: Let’s shift to Autogas, FG tells MOMAN, IPMAN, others
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By Udeme Akpan
AS an immediate response to the rising price of petrol, and by extension, the return of fuel subsidy, the Federal Government has urged operators in Nigeria’s downstream sector of the petroleum industry to shift to Autogas.
The call becomes necessary as Autogas is cheaper, about 60 per cent of the current price of petrol, which price could have hit the roofs at about N181.53 per litre, without government intervention through the Nigerian National Petroleum Corporation, NNPC.
The breakdown provided by the Petroleum Products Pricing Regulatory Agency, PPPRA, showed that the landing cost of petrol rose from an average of N143.60 in December to N158.53 per litre on January 7, 2021.