NURC confirms reduction in cooking gas’ price

The Nigerian Upstream Regulatory Commission (NURC) has confirmed a reduction in reduction in cooking gas’ prices.

Caracal Reports learnt that cooking gas which was sold for as much as N800 in some parts of the country a few months ago now sells for about N600 per kilogram.

The Port Harcourt Zonal Director of NURC, Professor Godday Ineh said the latest ” strategy “by the Nigeria Liquefied Natural Gas NLNG to increase by 100% the supply of gas to the local market helped to crash the price.

Read Also: Ekiti 2022: Ex-Governor Oni plans to pick APGA ticket

Professor Ineh explained that the move is designed to increase LPG availability in Nigeria, diversify its use and support the federal government’s Decade of Gas initiative

Ineh, who is also the zonal controller of the Nigerian Upstream Regulatory Commission said “Nigeria is becoming self-sufficient in the LPG supply chain”.

He said, “it is the strategy of NLNG to target the domestic market by supplying LPG, because if there’s availability, the prices will now become affordable”.