The Nigerian National Petroleum Corporation (NNPC) has announced plans to increase the supply of Liquefied Petroleum Gas (cooking gas), in a bid to reduce its rising price in the country.
This announcement was made by the NNPC Group Managing Director, Mele Kyari at the commissioning of the 120 metric ton LPG storage and bottling plant by Emadeb Energy Services Limited on Monday in Abuja.
While commenting on the hike in cooking gas price, Mr. Kyari said, “Two things are in play, one is the supply and the other is the international price of gas.
“It (price) moves with the price of every other petroleum product including crude oil and its derivatives. So it is a reflection of what is happening in the international market.
“What we are doing is to increase supply. Once the supply is increased the prices will come down.
“We as NNPC have come in and will guarantee supply, which is very important for us as a business. We are NNPC Ltd and we are here to support businesses but we are also here to make money for Nigerians.
“Therefore we will be there in the upstream to provide the gas through our very many initiatives including through our trunk lines that we are trying to put in place.
“So gas will be available to these companies and entities. Also, we can share data with them around customers and how we can deliver gas to our customers.”
Since the beginning of 2021, the increase in price of cooking gas has been on the rise, which has forced many to use harmful alternatives such as using firewood and charcoal for cooking.