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Breaking News: Wild Outburst Over The New Price Of Cooking Gas In Nigeria

Breaking News: Wild Outburst Over The New Price Of Cooking Gas In Nigeria

Breaking News: Wild Outburst Over The New Price Of Cooking Gas In Nigeria

The Nigerian National Petroleum Corporation (NNPC) is set to implement an effective commercial framework that would halt the export of propane and butane which are major components in the production of Liquefied Petroleum Gas (LPG), also known as cooking gas.

Cooking Gas The Corporation explained in a press release by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, that the move to stop the export of propane and butane which is anchored by the Crude Oil Marketing Division of the Corporation would enable the Corporation boost supply of LPG to the domestic market thereby leading to a natural downward slide in the price of the product in the country.

The NNPC spokesman quoted the Group General Manager, Crude Oil Marketing Division (COMD) of the Corporation, Mallam Mele Kyari, as saying: “Currently some of our butane and propane entitlements are exported largely due to lack of vessels to make sure that these things come into the domestic markets and the absence of a commercial framework.

What we are going to do is to make sure we put the right commercial framework in place so that those exports are converted into domestic consumption”.

Mallam Kyari who disclosed this at a strategy session said the Division was working in concert with stakeholders to create the enabling environment for in-country production of LPG and cessation of export of the country’s equity butane and propane entitlements due to an absence of in-country vessels for transport and other considerations.

The COMD GGM said that the goal of the Division in 2019 is to complete the automation process in the marketing and sale of Nigerian crude oil grades which teed-off in 2017, noting that all hands must be on deck to achieve 100 percent, end-to-end conclusion of the process.

 



11 Comments

11 Comments

  1. Jennypam39

    January 12, 2019 at 11:36 am

    Please , try to do something about it.

  2. Juliusharuna30

    January 13, 2019 at 5:45 am

    Up NNPC I love u

  3. Sirhardex56

    January 13, 2019 at 6:49 am

    Currently some of our butane and propane entitlements are exported largely

  4. Itzben48

    January 13, 2019 at 8:23 am

    Nnpc in 2019 is to complete the automation process in the marketing and sale of Nigerian crude oil grades which teed-off in 2017

  5. Sfaisal16

    January 13, 2019 at 1:24 pm

    That great move by nnpc

  6. Demzbigo19

    January 13, 2019 at 4:31 pm

    That’s a great news…
    I thinks this is a powerful achievement for the nation

  7. Rukayyad80

    January 13, 2019 at 7:59 pm

    Great

  8. Dotman7654991

    January 13, 2019 at 8:09 pm

    cool

  9. Priscadan81

    January 13, 2019 at 8:58 pm

    Definitely

  10. Jefferson63

    January 14, 2019 at 12:06 am

    step by step we are moving higher nigeria also nigeria believe

  11. Fatima199756

    January 15, 2019 at 10:23 am

    Thanks for the update

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