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Nigerian regulator explains motivation for decrease in cooking gas price

Consumer at a Cooking Gas Depot in Nigeria

*The Nigerian Upstream Regulatory Commission says the NLNG’s measure is designed to increase cooking gas availability, diversify its use, and support the Federal Government’s Decade of Gas initiative in the West African country

Alexander Davis | ConsumerConnect

The Nigerian Government has attributed the apparent reduction in the price of the Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, to the Nigeria Liquefied Natural Gas (NLNG) recent strategy to increase by 100 percent the supply of gas to the local market.

ConsumerConnect gathered the Nigerian Upstream Regulatory Commission (NURC) explained the rationale for the drop in the price of cooking gas, which was sold for as much as N800 in some parts of the country a few months ago but sells for about N600 per kilogram (kg).

In his remarks on the market development, Prof. Godday Ineh, Port Harcourt Zonal Director of NURC, reportedly noted that the latest strategy “by the Nigeria Liquefied Natural Gas NLNG to increase by 100% the supply of gas to the local market helped to crash the price.”

Prof. Ineh further explained that the move is designed to increase LPG availability in the country, diversify its use, and support the Federal Government’s Decade of Gas initiative

Ineh, who is also the Zonal Controller of the Nigerian Upstream Regulatory Commission said: “Nigeria is becoming self-sufficient in the LPG supply chain.

“It is the strategy of NLNG to target the domestic market by supplying LPG, because if there’s availability, the prices will now become affordable.”

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