According to a market survey carried out by DailyTrust at different parts of the country, major retailers of the product such as NIPCO Plc and IK Gases Ltd sell at N280/kg while other small retailers sell at N300 per kg.
In the first half of this year, the product averagely remains at N400/kg in many parts of the country.
In Abuja and environs, the price of refilling a 12.5kg of LPG went as high as N6000 in the first quarter of the year.
Also, LPG users spoken to have reported a drop in the price in Lagos, Kano, Kogi and Kaduna from what was obtained in the past.
LPG dealers attributed the drop in price to improved supply and distribution.
“There is more product coming in, that is the reason,” said President of the Nigerian Liquefied Petroleum Gas Association (NLGPA), Dayo Adeshina.
“By September or October the BOP jetty should be onstream so we shouldn’t behaving any discharge problems, and immediately after that, there will also be another jetty, PWA, in Lagos. Oncethese jetties come on stream, we should see increased supply,” Adeshina said.
Managing Director of Lyushi Oil & Gas Ltd, Ibrahim Salka Bawa, also said, “There is availability of supply.”
The supply logjam that impeded stable availabilityof LPG was overcome recently following the unveiling of two LPG vessels in Ulsan, South Korea, by West Africa Gas Limited (WAGL), an NNPC joint venture company, and Sahara Energy Limited.
At the unveiling ceremony,Group Managing Director of the NNPC, Dr. Maikanti Baru, said the development promised to be a game changer in the supply network of LPG nationwide.
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