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’Femi Asu
The price of 20 metric tonnes of Liquefied Petroleum Gas, popularly known as cooking gas, sold to marketers in the country has risen by over 29 per cent in the past two months.
The PUNCH had reported in December 23 that terminal operators and importers increased the price of 20 metric tonnes of LPG to N5.3m on December 22 from an average of N4.4m a month ago, with retailers refilling a 12.5kg cylinder at between N4,000 and N4,500.
The price of the product increased further this month, as 20 MT was sold for as high as N5.5m on Tuesday, translating to an increase of 29.41 per cent since November 20, when it was sold for $4.25m.
Kyari spoke on Wednesday at the virtual Atlantic Council’s Global Energy Forum.
Naija247news reports that the Petroleum Products Pricing Regulatory Agency had on Tuesday announced that Nigeria’s domestic consumption of LPG exceeded one million Metric Tonnes (MT) in 2020.
According to the available statistics, total consumption of LPG in Nigeria was about 50,000 MT in 2007.
Kyari said: “Nigeria is currently witnessing increased domestic gas demand in the industrial and power sectors, leading to increased production and reduced gas flaring.
”Nigeria has also witnessed increased household access to gas networks and LPG in the main cities. There are deliberate plans to expand that access to rural areas.”
By Etuka Sunday
The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced that Nigeria’s domestic Liquefied Petroleum Gas (LPG) consumption exceeded 1million metric tonnes in 2020, making 2020 the first year in the nation’s history where LPG consumption has reached the one million MT threshold. This was disclosed in a statement by the Executive Secretary, PPPRA, Abdulkadir Saidu in Abuja. He said, Nigeria consumed 840,594.37 MT LPG in 2019, indicating an increase of 60.5% over 635,452.061MT recorded in 2018. This steady and sustained pattern of growth, according to him, culminated in the over 1million metric tonnes of LPG domestic consumption milestone in 2020 has placed the country 1st in West Africa and one of the leading LPG consuming nations on the continent.
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Okechukwu Nnodim, Abuja
The Petroleum Products Pricing Regulatory Agency on Tuesday announced that the consumption of Liquefied Petroleum Gas in Nigeria, popularly called cooking gas, exceeded one million metric tonnes in 2020.
The PPPRA said this made 2020 the first year in the nation’s history where LPG consumption had reached the one million MT threshold.
Nigeria consumed 840,594.37MT of LPG in 2019, indicating an increase of 60.5 per cent over the 635,452.061MT recorded in 2018.
“This steady and sustained pattern of growth culminating in the over one million metric tonnes of LPG domestic consumption milestone in 2020 has placed the country first in West Africa and one of the leading LPG consuming nations on the continent,” the Executive Secretary, PPPRA, Abdulkadir Saidu, said.