The Nigerian National Petroleum
Corporation (NNPC) says it is working to crash the price of cooking gas in the
country.
It said this would be done
through the implementation of an effective commercial framework that would halt
the export of propane and butane from the country.
Mele Kyari, NNPC’s group general
manager, crude oil marketing division (COMD), made this known in a statement
issued by the corporation in Abuja on Thursday.
He said that propane and butane
were major components in the production of liquefied petroleum gas (LPG), also
known as cooking gas.
This, he said would lead to a
natural downward slide in the price of the product in the country.
“Currently some of our butane and
propane entitlements are exported largely due to lack of vessels to make sure
that these things come into the domestic markets and the absence of a
commercial framework,”
“What we are going to do is to
make sure we put the right commercial framework in place so that those exports
are converted into domestic consumption.”
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