Premium Times
The Nigerian National Petroleum Corporation (NNPC) on Monday announced that the corporation is currently working towards increasing the supply of Liquefied Petroleum Gas (cooking gas), in a bid to force down its rising price in the country.
Mele Kyari, the NNPC Group Managing Director, disclosed this at the commissioning of the 120 metric ton LPG storage and bottling plant by Emadeb Energy Services Limited in Abuja on Monday.
The cost of cooking gas has been on the rise since the beginning of the year.
PREMIUM TIMES had reported how the hike in the prices of cooking gas has forced many women into harmful alternatives such as using firewood and charcoal for cooking.
Commenting on the hike in cooking gas price, Mr Kyari said, “Two things are in play, one is the supply and the other is the international price of gas.
“It (price) moves with the price of every other petroleum product including crude oil and its derivatives. So it is a reflection of what is happening in the international market.
“What we are doing is to increase supply. Once the supply is increased the prices will come down,” Mr Kyari was quoted by Vanguard as saying.
He assured that the government has set in to guarantee supply and support for gas companies in the country.
“We as NNPC have come in and will guarantee supply, which is very important for us as a business. We are NNPC Ltd and we are here to support businesses but we are also here to make money for Nigerians,” he said.
