COOKING GAS PRICE TO CRASH BY 20 PERCENT – NLNG

July 6, 2017 AdminLeave a comment

The ex-depot price of Liquefied Petroleum Gas (LPG) popularly called cooking gas is set to crash by about 20 per cent in the next few weeks, Managing Director of Nigerian Liquefied Natural Gas, NLNG, Mr. Tony Attah has said.

He gave this cheering news during a facility tour of some LPG plants in Lagos yesterday.

He disclosed that dearth of infrastructure at jetties remained a factor responsible for skyrocketing prices of LPG.

This is coming barely one week after the price of Automotive Gas Oil (AGO), also known as diesel, crashed to as low as N155/litre in some fuel stations around the country.

According to the NLNG boss, N150 million intervention has been set aside for the rehabilitation of three jetties in Apapa, including Petroleum Wharf Apapa (PWA), New Oil Jetty (NOJ) and Bulk Oil Platform (BOP).

He maintained that as part of NLNG’s constant advocacy on helping to build a better Nigeria, it was focusing on more supply of LPG in a bid to deepen its usage in the country, lamenting that over 100,000 women die yearly from inhalation of smoke from dirty fuels.

“At NLNG, we stay committed to the development of Nigeria. So as part of our vision of helping to build a better Nigeria, we focus on energy, by helping to bring efficient energy into the country.

“In 2007, when there was a shortage of LPG in the market, NLNG intervened and we are glad to say that as a result of NLNG’s intervention, volume consumed has scaled up to over 250,000 tonnes and we are looking to scale the volume up more as the company has set aside 350,000 tonnes for the market,’’ he said.

Source: Dailypost.ng

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