The report of the Petroleum Products Pricing Regulatory Agency, PPPRA on Liquefied Petroleum Gas, LPG supplied in September 2021, indicates that out of the 76,578.986 metric tonnes, MT supplied nationwide, 49,453.081 MT was locally produced while 27,125.905 MT was imported.
In the month of September 2021, PPPRA LPG data show that 49,453.081 MT was supplied into the domestic market by Algasco, Stockgap, NIPCO, 11 plc, Prudent, Greenville Natural Gas, PNG Gas, NPDC and Ashtavinayak Hydrocarbon Ltd with 66.58% of the supply sourced from the NLNG, whilst 27,125.905 MT was imported by Rainoil, Algasco and Prudent.
The quantity of LPG sourced locally rose from 38,040.457 MT in August to 49,453.081 MT in September, while importation reduced from 47,224.346MT to to 27,125.905MT.
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LPG production equipment as well as the Zero VAT for locally produced LPG have indeed heightened the prospects of domestic investment in the sector.
But while the PPPRA says it remains committed to the development of Nigeria’s vast gas resources and strengthening the entire value chain it is
worthy to note that the price of LPG has continued to skyrocketed with consumers resorting to other alternatives across the country.
(Editor: Terverr Tyav)
