The ex-depot price of Liquefied Petroleum Gas (LPG) popularly called cooking gas is set to crash by about 20 per cent in the next few weeks, Managing Director of Nigerian Liquefied Natural Gas, NLNG, Mr. Tony Attah has said.
He gave this cheering news during a facility tour of some LPG plants in Lagos yesterday.
He disclosed that dearth of infrastructure at jetties remained a factor responsible for skyrocketing prices of LPG.
This is coming barely one week after the price of automotive gas oil (AGO), also known as diesel, crashed to as low as N155/litre in some fuel stations around the country.
According to the NLNG boss, N150 million intervention has been set aside for the rehabilitation of three jetties in Apapa, including Petroleum Wharf Apapa (PWA), New Oil Jetty (NOJ) and Bulk Oil Platform (BOP).