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Why cost of cooking gas is high — NLNG MD

The Managing Director of Nigeria Liquefied Natural Gas, Mr. Tony Attah, says that the company has not increased the cost of gas.

He identified market dynamics and faulty supply chain as reasons for what he described as inconsistency in the price of cooking gas in the country. Cooking gas is also known as Liquefied Petroleum Gas.

He spoke with the Minister of Information and Culture, Alhaji Lai Mohammed, on Tuesday evening, who paid a visit to the NLNG plant complex in Bonny, Rivers State.

Attah, who said that the company was contributing 250,000 tonnes of the LPG, about 40 per cent of the total domestic cooking gas needed in the country, stressed that at no time had it increased its price.

Our correspondent gathered that early December 2016 to January this year, the LPG, which hitherto sold for about N3,700 for 12.5 Kg, was increased to about N7,000.

Punch, March 9, 2017

 

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