I am honored to receive commendation from the Nigerian Association of Liquefied Petroleum Gas (LPG) Marketers for our efforts in reducing and stabilizing LPG prices through the domestication of all LPG produced within Nigeria.
During a meeting with the association today, the National President, Mr. Oladapo Olatunbosun, appreciated our swift action following the stakeholders’ forum in February. He highlighted the significant price reduction, from N20 million to N15 million per 20 metric tonnes, and at the retail level, from N1,400-N1,500 per kilogram to N900-N1,000 per kilogram.
As a major gas producer, it’s imperative that Nigeria also becomes a leading consumer. We are dedicated to ensuring that our gas resources are available domestically at the right price, in line with President Bola Tinubu’s vision for our sector and economy.
Thank you to the LPG marketers for their cooperation in achieving these milestones. Together, we are making significant strides towards a prosperous and sustainable energy future for Nigeria.