ABUJA- The Nigerian National Petroleum Corporation (NNPC), has said, the corporation is vehemently putting modalities in place to smash the price of cooking gas down to earth in the country.
The NNPC noted that, it will tend to achieve this by implementing an efficient and effective market structures that would put to an end the exportation of butane and propane from the nation.
Mallam Mele Kyari, the Group General Manager, Crude Oil Marketing Division (COMD) of the Corporation, in a statement issued by the corporation, in Abuja, on Thursday revealed this.
According to him, Propane and butane were major elements in the production of Liquefied Petroleum Gas (LPG), also known as cooking gas.
The GGM also buttressed that, the move to stop the exportation of propane and butane which was anchored by the Crude Oil Marketing Division of the Corporation would enable the Corporation boost supply of LPG to the domestic market.
He added that, when this is achieved, it would lead to a natural downward slide in the price of the product in the country.
“Currently some of our butane and propane entitlements are exported largely due to lack of vessels to make sure that these things come into the domestic markets and the absence of a commercial framework.
“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,” The NNPC General Manager in quote.