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FG Says LPG Market Growing, Despite Tightening Gas Supply, Rising Prices

Despite soaring cooking gas prices, which the Nigerian National Petroleum Corporation (NNPC) recently attributed to short supply of the commodity, the Petroleum Products Pricing Regulatory Agency (PPPRA), yesterday stated that the market has continued to grow beyond expectations. In a statement in Abuja, yesterday, signed by the General Manager, Corporate Services, PPPRA, Kimchi Apollo, the organisation stated that Nigeria presently ...

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Cooking Gas: Consumers Resort to Firewood Over Rising Cost

Some Nigerians have vowed to resort to firewood and charcoal if prices of cooking gas continue to soar. The consumers said in separate interviews that they could no longer cope with the situation as it was taking a toll on their lives.They called on the Federal Government to address the current hike in the price of cooking gas to ease ...

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Domestic Gas Production in Nigeria Hits 66.58 Percent says PPPRA

Over 66 percent of domestic gas supply in September 2021 was produced locally, according to the Petroleum Products Pricing Regulatory Agency, PPPRA. The General Manager, Corporate Services, Kimchi Apollo, who made this known in a statement explained that Nigeria produces locally, a major portion of the LPG consumed in the country. He attributed the feat to the enabling environment created ...

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Sahara Group Sets to Commit $1Bilion on LPG in Eleven Countries

Sahara Group, a conglomerate of energy infrastructure firms is set to invest over $1 billion to enhance access to Liquefied Petroleum Gas (LPG) in Eleven Countries both in Africa and other emerging economies in a bid to boost energy transition on the continent. Temitope Shonubi, Executive Director, Sahara Group disclosed this at the African Refiners and Distribution Association (ARDA) conference ...

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Our members not responsible for distortion of LPG market – MOMAN

The Major Oil Marketers Association of Nigeria (MOMAN) says its members are not responsible for activities distorting the Liquefied Petroleum Gas (LPG) market and attendant increase in the price of cooking gas across the country. Chief Executive Officer, MOMAN, Mr Clement Isong, made this known in a statement issued in Lagos. Isong said it was untrue that some marketers who ...

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DPR Arrests Eight Illegal LPG Dealers, Seek Security Agencies’ Support

The Department of Petroleum Resources (DPR) in collaboration with the Nigerian Security and Civil Defence Corps (NSCDC) has arrested eight illegal dealers in Liquefied Petroleum Gas (LPG) in Maiduguri, Borno State. In a statement, The DPR quoted its North-east Operations Controller, Mr Agada Jerome, as saying that the dealers were arrested during a patrol by officials of the agency and ...

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LPG : Short Supply to Further Push Up Price as 12.5 Kg Hits N7000 at Retail Outlets

…….. by .Jenifer Dike……The short supply of Liquified Petroleum Gas (LPG) is further pushing the price of the product up at retail outlets nation wide. The Petroleum Products Pricing Regulatory Agency, (PPPRA), has said that the volume of LPG, also known as cooking gas, supplied in August fell by 20.5 percent to 85,264.803 metric tonnes (MT) compared to 107,224.584MT supplied ...

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Rivers State May Rake in $750 Million VAT from NLNG Train-7

Unrelenting Governor Nyesom Wike of Rivers State has set eyes on his administration’s collection of $750Million VAT to accrue from the $10Billion Nigerian Liquefied Natural Gas (NLNG) Train 7 development.even as the Abuja Court of Appeal judgement restrained the State Government from collecting Value Added Tax (VAT) and sundry taxes in the state, In a statement by his Media Aide, ...

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