The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has said that the price of cooking gas would soon crash with the arrival of a vessel with 13,000 tonnes.
The vessel is due to arrive Apapa terminal on Friday to discharge her cargo.
Mr Bassey Essein, Executive Secretary of the association, told the News Agency of Nigeria (NAN) in Lagos that a vessel loaded with 13,000 tonnes from Bonny terminal, belonging to the Nigeria Liquidfied Natural Gas (NLNG), was expected to berth. NLNG had, between January and February, discharged over 13,000 tonnes of LPG at the Lagos Terminal jetty to ease scarcity.
According to him, it is expected that when the gas is discharged at the terminal, it will be sufficient to reduce the price of cooking gas nationwide.
“The LPG product pricing is always guided by availability of product.
“The fact remains that LPG vessel costs a lot of money to charter, with attendant high demurrage if not discharged on time to allow the vessel sail out,’’ he said.
The NALPGAM scribe appealed to the Federal Government to intervene and ensure that the Nigerian LNG Ltd., supplied cooking gas at domestic rate rather than the current international price at which the company was selling to domestic consumers.
He said that the issue of domestic pricing was another factor militating against increasing consumption pattern of cooking gas in Nigeria.
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