Cooking Gas: Demand Declines Over Price Hike   In spite of several interventions by the Federal Government to increase supply and boost local consumption, Liquefied Petroleum Gas or cooking gas demand has fallen. Gas retailers over the weekend said that cooking gas demand had fallen due to...

Cooking Gas Price Hits 105% In 12 Months   The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve months. This follows an increase from N2200 in August 2021 to N4500 in August...

Energy: NNPC, Sahara Group Invest N181bn In Gas Carriers The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group have acquired  two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan, South Korea. The two groups...

Nigeria Needs $750m For 5MMT Cooking Gas Annual Consumption     Nigeria requires about $750m investment in the transportation and retailing infrastructure for Liquefied Petroleum Gas, popularly called cooking gas, to achieve the target of five million metric tonnes of annual consumption, operators in the LPG space...

Forex Shoots Cooking Gas Above N8,000   The price of 12.5kg of Liquefied Petroleum Gas, popularly called cooking gas, which was sold for N7,000 about a week ago, has increased to between N8,000 and N8,200, amidst various concerns by marketers and producers of the commodity. Of the...

Nigeria’s LPG Supply Increases By 11% In One Month       The supply of Liquefied Petroleum Gas, LPG, has increased by 11 per cent to 83,900.761 Metric Tonnes, MT, in December 2020, according to the Petroleum Products Pricing Regulatory Agency, PPPRA. A breakdown of data obtained from the...