The ex-depot price of Liquefied Petroleum Gas (LPG) popularly called cooking gas is set to crash by about 20 per cent in the next few weeks. The crash in the price of LPG may not be unconnected with the intervention of the Nigerian Liquefied Natural Gas (NLNG) Limited which plans to invest about N150 million towards jetty upgrade in Apapa.
Managing Director of NLNG, Mr. Tony Attah, explained during a facility tour of some LPG plants in Lagos yesterday, that dearth of infrastructure at jetties remained a factor responsible for skyrocketing prices of LPG. Daily Sun findings revealed that the current ex-depot price of LPG at most plants in Apapa, Lagos, as at yesterday, was N3,000 for a 12.5kg cylinder size. The intervention of NLNG may, however, further crash the ex-depot price from N3,000 to N2,400, representing a decrease of N20 per cent.
Attah explained that the N150 million intervention was for the rehabilitation of three jetties in Apapa, including Petroleum Wharf Apapa (PWA), New Oil Jetty (NOJ) and Bulk Oil Platform (BOP). He maintained that as part of NLNG’s constant advocacy on helping to build a better Nigeria, it is focusing on more supply of LPG in a bid to deepen its usage in the country, lamenting that over 100,000 women die yearly from inhalation of smoke from dirty fuels.
He said the visit of the management of NLNG was to have first hand information on the state of facilities at the respective jetties and see ways of collaborating with investors to improve on supply to further crash prices.
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