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NNPC To Cut Down Price Of Cooking Gas

The Nigerian National Petroleum Corporation (NNPC) has revealed its plan to reduce the price of Liquefied Petroleum Gas (LPG), also known as cooking gas, nationwide. The implementation was contained in a statement signed by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, on Thursday, January 10. NNPC, however, explained that the move to stop the export of propane and butane, which are major components in the production of gas, would enable the Corporation boost supply of LPG to the…

Petrol Subsidy Gulps N1.4trn Annually – Kachikwu

The Federal Government spends a whopping N1.4 trillion annually on petrol subsidy, Ibe Kachikwu, Minister of State for Petroleum Resources, says. According to The Cable, Kachikwu made the disclosure on Thursday at a workshop on Liquefied Petroleum Gas (LPG) organised by the petroleum ministry in Abuja. The minister explained that the Nigerian National Petroleum Corporation (NNPC), is the sole importer of fuel into the country, and as well bears the burden of the cost of importing the product. Kachikwu’s revelation…
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