Gas price set to reduce as NLNG supplies 13,000 tonnes of cooking gas to Lagos

> NLNG said it has successfully discharged 13,000 tonnes of Liquified Petroleum Gas (LPG) also known as cooking gas to Lagos jetty at the weekend

> The supplied cooking gas will reduce the gas scarcity and high price of gas currently being experienced in the country

Nigeria Liquefied Natural Gas Limited (NLNG) has now announced that it has started the supply of liquefied petroleum gas (LPG), commonly called cooking gas, to Lagos to ease its shortage and attendant high prices.

Gas price set to reduce as NLNG supplies 13,000 tonnes of cooking gas to Lagos

In the past three weeks, consumers of cooking gas have grappled with increase in the retail price of the commodity as a result of supply shortage.

There were reports of a hike by over 57 per cent in the cost of refilling cooking gas cylinders, with consumers paying a price tag of about N5,500, from the previous N3,500 for the 12.5 kilogramme bottle in some parts of the country, including Abuja.

According to Newsmen, the firm in a statement endorsed by NLNG general manager, external relations, Kudo Eresia-Eke said NLNG’s LPG vessel successfully discharged 13,000 tonnes of LPG (cooking gas) to Lagos jetty at the weekend. He added that the vessel is scheduled to return to NLNG’s facility in Bonny to reload the product.

Eresia-Eke said: “NLNG continues its efforts to ensure adequate supply and price stability to the market.”

Nigeria LNG is the sole local supplier of the cooking gas to the domestic market. LPG marketers complement such supply with imported LPG from the neigbouring countries such as Niger Republic.

Meanwhile, the Nigeria Labour Congress (NLC) has told the federal government that Nigerians will reject another fuel price increase in view of the harsh economic situation in the country.

The general secretary of the NLC Peter Ozo-Eson, told Punch on Sunday, January 15, that it was time for government to review its policy on subsidy that led to the increase in the fuel pump price from N97 to N145 per litre last year.

He said: “I do not think that at this time, and given all that we have seen, that Nigerians can be subjected to another round of price increase now. That is why government needs to revisit and rethink its policy. Nigerians cannot take another round of price increase.”