Gas Marketers urges FG to ensure gas price stability
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has appealed to the Federal Government to find a lasting solution to the rising price of cooking gas in the country.
Mr Abideen Olatunbosun, National President, NALPGAM, made the appeal during the 36th Annual General Meeting of the association held in Ibadan on Tuesday.
Olatunbosun expressed the concern that if the rising gas prices are not addressed, gas might become a commodity only affordable to the affluent.
“It is very vital for me to state that the continuous increase in the price of gas in recent times stands as a big challenge to LPG marketers.
“The government needs to find ways to ensure the stability of the gas price as well as make gas available to common Nigerians.
“As a country, we need to improve our gas utilisation level, and if we all adopt gas, it will save our forests, improve the quality of our lifestyle, and the economy will grow.’’
According to him, the hike in the price of gas is a concern for all.
Olatunbosun called for a collaborative effort between the government and the private sector to establish critical gas infrastructure.
The guest speaker, Prof. Sunday Isehunwa, Department of Petroleum Engineering, Faculty of Technology, University of Ibadan, said that LPG offered a huge promise for increased domestic gas utilisation in Nigeria.
He said that cooking gas also served as the country’s energy transition to net-zero carbon emissions by 2060.
According to Isehunwa, there is a need for increased LPG supply to meet rising demand and curtail sharp practises by some operators.
“The Nigerian Liquefied Natural Gas (NLNG) has been the major supplier of LPG; however, additional supplies are essential through functional refineries and adequate natural gas processing facilities.
“Removal of difficulties in importation when necessary is also essential for additional supplies.
“Adequate infrastructure development is highly necessary to enhance access to LPG in rural communities.
“Accessibility will increase through increased economic empowerment of consumers and relatively low costs of products,’’ the don said.
Also, Mr. Ogbugo Ukoha of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said that the recent deregulation policy would result in reflective petroleum product pricing.
Ukoha, who is the Executive Director, Distribution Systems, Storage, and Retailing Infrastructure, NMDPRA, noted that current data had shown that the domestic gas supply had overtaken the import supply.
He said that necessary infrastructure investment must be put in place to address the challenges of gas reserves so as to achieve smooth distribution of the product.
“Our focus is to make the necessary investment in gas infrastructure to increase LPG supply so as to force its price down for Nigerians,” Ukoha said.
The News Agency of Nigeria reports that the conference also featured the dissolution of the current governing council of NALPGAM, the election of new national executives, and the presentation of plaques.
