Gas marketers: Naira devaluation, huge supply gap responsible for surge in cooking gas price thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
More than half of the Liquefied Petroleum Gas (LPG), also known as cooking gas, consumed in Nigeria in April was imported from three countries despite the huge gas reserves in the country.
Punch Newspapers
Sections
Published 2 May 2021
The Executive Secretary/Chief Executive Officer, Nigerian Association of Liquefied Petroleum Gas Marketers, Mr Bassey Essien, speaks to ’FEMI ASU on vital issues in the country’s Liquefied Petroleum Gas (cooking gas) industry
Last
year, cooking gas consumption in Nigeria reached one million metric tonnes of LPG for the first time. The country’s LPG consumption has been low for years despite the availability of abundant gas reserves; what is responsible for this?
We have seen some improvement in the consumption level in recent years. In the early year 2000, we were consuming about 0.5kg per capita, and today it has risen to about 5kg per capita consumption, which is an improvement.
Why FG alone can t crash cooking gas price – Marketers | The Guardian Nigeria News - Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
By Peter Uzoho
Excessive administrative and other sundry charges by the Department of Petroleum Resources (DPR), the Petroleum Products Pricing Regulatory Authority (PPPRA), among others, have caused an astronomical rise in the price of Liquefied Petroleum Gas (LPG) commonly known cooking gas, THISDAY’s investigation has revealed.
Also, insufficient supply of LPG to local marketers by the Nigeria Liquefied Natural Gas (NLNG) Limited, which is the major supplier of the product in-country, has also contributed to the scarcity of the product and the resultant increase in price lately.
The numerous charges by the regulators have forced the marketers of the product to hike the price at their stations, resulting in consumers having to pay more for cooking gas, which the federal government is projecting as the preferable cooking fuel.