The skyrocketing price of cooking gas, which hit an all time high of N5,000 from N3,200 is to crash with the delivery of 13,000 tonnes of LPG by the Nigerian Liquefied Natural Gas (NLNG) Limited, in Lagos jetty at the weekend.
|Cooking gas price set to crash as NLNG discharges 13,000 tonnes of LPG|
General Manager, External Relations, NLNG, Mr. Kudo Eresia-Eke, said following the delivery of the 13,000 tonnes of LPG, the vessel is scheduled to return to NLNG’s facility in Bonny, Rivers State, to reload, adding that NLNG would continue in its efforts to ensure adequate supply and price stability to the market.
According to Mr. Eresia-Eke, “Even if the vessels are allowed to discharge now, the cost of 12.5kg from a reasonable wholesale plant cannot be less than N4,000.
Subscribe to Aba City Blog
Keep up to date on the latest content, here at Aba City Blog. Subscribe below.