NNPC to crash price of cooking gas

The Nigerian National Petroleum Corporation (NNPC) is set to implement 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.

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 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.

17 Comments

  1. Felipe March 5, 2019
  2. Violet March 6, 2019
  3. Luiz Gastão Bittencourt March 7, 2019
  4. Luiz Gastão Bittencourt March 7, 2019
  5. Dell March 7, 2019
  6. look at here now March 8, 2019
  7. John Deere Repair Manuals March 14, 2019
  8. https://bit.ly/2UFitmy March 17, 2019
  9. Elane March 19, 2019
  10. Lahoma Pascuzzi May 11, 2019
  11. Marshall Claeys May 11, 2019
  12. Walton Helsing May 11, 2019
  13. Michelina Allwood May 13, 2019
  14. Mai Rhein July 3, 2019
  15. http://tinyurl.com/ November 21, 2019
  16. http://tinyurl.com/u58ehby November 22, 2019
  17. wormateio gameplay December 2, 2019

Leave a Reply