Business

NNPC To Crash Cooking Gas Price

Public Announcement: 2019/2020 OAU JUPEB Registration Form Is Out On Sale. It Cost #15,000. Intensive Tutorials Towards OAU JUPEB & OAU Pre-Degree Entrance Exam Is Now In Progress @ Akahi Tutors, 55, Oduduwa College Road, Off Sabo Junction, Ile-Ife. Call Akahi Tutors Rep On: 08038644328 or Click Here For Details

The state-owned oil company in Nigeria is making moves to crash the prices of cooking gas to make life more comfortable for people. 

The Nigerian National Petroleum Corporation (NNPC) said it is set to implement effective commercial framework that would halt the export of propane and butane which are major components in the production of Liquefied Petroleum Gas (LPG), also known as cooking gas.

Gas Cooker Price NNPC To Crash Cooking Gas Price

The corporation on Thursday explained in statement by its spokesman, Mr. Ndu Ughamadu, that the move to stop the export of propane and butane which is anchored by the Crude Oil Marketing Division (COMD) of the corporation would enable the corporation boost supply of LPG to the domestic market thereby leading to a natural downward slide in the price of the product across the country.

Political Thugs Chase SDP Gov’ship Candidate, Others Away From Rally In Ogun

CRUSH 2019 UTME, Post UTME, Pre-Degree & JUPEB @ Akahi Tutors, Ile-Ife. Call; 08038644328 or click here for details

The NNPC spokesman quoted the Group General Manager, COMD of the Corporation, Mallam Mele Kyari, as saying: “Currently some of our butane and propane entitlements are exported largely due to lack of vessels. 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”.

Kyari who disclosed this at a strategy session said the Division was working in concert with stakeholders to create the enabling environment for in-country production of LPG and cessation of export of the country’s equity butane and propane entitlements.

Public Announcement: 2019/2020 OAU JUPEB Registration Form Is Out On Sale. It Cost #15,000. Intensive Tutorials Towards OAU JUPEB & OAU Pre-Degree Entrance Exam Is Now In Progress @ Akahi Tutors, 55, Oduduwa College Road, Off Sabo Junction, Ile-Ife. Call Akahi Tutors Rep On: 08038644328 or Click Here For Details

Categories: Business, News

Tagged as: , , ,

Blast 2019 JAMB CBT @ Akahi Tutors, Ile-Ife. Call 08038644328