According to the government, the move is in a bid to increase its volume domestically to warrant a crash in price.
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The intervention on LPG (cooking gas) follows the rise in the price of LPG per kg in recent months, from about N700 to above N900 in parts of the country.
Marketers confirmed the development to NAN on Monday in Lagos while reacting to the decrease in the price of the product.
The LPG tanker, which exploded at about 7:30pm, spread fire to two other filling stations and a mechanic workshop.
“The world should not have to choose between energy poverty and climate change as this can be addressed with both natural gas and Liquified Petroleum Gas as transition fuels alongside other renewable sources.”
The News Agency of Nigeria reports that Austin Ogbogbo, Marketing Manager, NLNG, made the clarification during an interactive session with newsmen in Lagos.
The bureau said this in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch” for December 2020 obtained from its website in Abuja.
Ayorinde Cardoso, Zonal Operations Controller, DPR, Lagos, made this known while speaking with newsmen during a public sensitisation exercise on safe usage of LPG.
Michael Umudu, National Chairman, Liquefied Petroleum Gas Retailers (LPGAR), a branch of National Union of Petroleum and Natural Gas Workers (NUPENG), confirmed the development to the News Agency of Nigeria (NAN) in Lagos on Tuesday.
Auwalu made the assertion on Wednesday, during the oversight visit of the House of Representatives Committee on Petroleum Resources (Upstream) to the DPR headquarters in Lagos.
Worried by the continued influx of fake and sub-standard Liquefied Petroleum Gas cylinders into Nigeria, a cooking gas advocate has warned that Nigerian homes may start experiencing `bomb-like’ explosions in their kitchens soon, caused by fake cylinders.
The Federal Government has put measures in place to ensure that up to 13.8 million households in Nigeria embraced usage of Liquefied Petroleum Gas for their cooking within the next five years.
The Nigerian National Petroleum Corporation says it will unveil the largest Liquefied Petroleum Gas also known as cooking gas and Propane Storage and dispensing facility in Oredo, Benin City.
The Department of Petroleum Resources in Ogun has issued a six months’ notice to gas plant owners to evacuate all Liquified Petroleum Gas plants domiciled in filling stations or face sanctions.
Matrix Energy Ltd., says its investment in the Liquefied Petroleum Gas in Nigeria is targeted at minimising greenhouse gas emission.
The National Bureau of Statistics said the average cost of refilling a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) increased from N2,107 recorded in September to N2,145.30 in October.
The bureau disclosed this in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ (September 2018) report on Tuesday in Abuja.
The National Bureau of Statistics (NBS) said the average cost of refilling a five kilogramme cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N2,05.14 in August from N2,01.45 recorded in July.
The National Bureau of Statistics said the average price for refilling of a five kilogramme cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased to N2,010.45 in July from N2,034.93 in June.
The move will boost volume, availability, and increase consumption of the clean gas.