PPPRA supplies 85,265MT of cooking gas in August amidst soaring prices

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Amidst the soaring prices of cooking gas, the Petroleum Products Pricing Regulatory Agency (PPPRA) supplied a total of 85,264.803 metric tonnes (MT) of LPG nationwide.

This was contained in its report of LPG supplied in August 2021.

A breakdown of the supply report shows that 38,040.457 MT was sourced locally by Ever Oil, Stockgap, NIPCO, 11 plc, Greenville Natural Gas, PNG Gas Ltd, NPDC and Ashtavinayak Hydrocarbon Ltd, while 47,224.346 MT was imported by NIPCO, Matrix, Algasco, Techno Oil, Prudent, A A Rano, Stockgap.

Additional analysis of the data on importation in the month of August shows that 21,606.301 MT was imported from the USA, while 13,044.266 was imported from Algeria and 12,573.779 MT was brought into the country from Equatorial Guinea.

But, compare with the 107,224.584 MT supplied in July, there was a decrease of 21,959.781 MT between the quantity supplied in July and August.

On the other hand, out of the 38,040.457 MT sourced locally, 7,042.058 MT was sourced by Ever oil, 9,429.761 MT by Stockgap, 7,687.112 MT by NIPCO, 4,761.626 MT by 11 plc and 440.380 MT by Greenville Rumuji, River State.

Also, PNG Gas Ltd in Ebedei, Delta State supplied 651.490 MT into the market, while NPDC, Oredo, Benin State provided 1,055.310 MT and Ashtavinayak Hydrocarbon Ltd Kwale, Delta State, discharged 6,972.720MT.

Similarly, 11,262.04MT of propane was sourced locally and supplied into the energy market by NPDC and Ashtavinayak Hydrocarbon.

In a statement by its Executive Secretary, Abdukadir Saidu, PPPRA explained that the Petroleum Industry Act (PIA) as the first law that recognizes the Oil and Gas midstream sector will promote and protect gas-based investments and optimize the nation’s enormous gas potentials while ensuring that Nigeria transit to become a net-zero emission nation.

“The PPPRA wishes to reiterate its continued support for the Federal Government’s policy to deepen LPG penetration in the country and create a healthy life for Nigerians,” it added.

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