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NNPC reveals plans to crash prices of cooking gas

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The Nigerian National Petroleum Company (NNPC) on Tuesday detailed its plans to ensure a reduction in the prices of cooking gas amidst concerns by the populace over its inflation.

This was disclosed by Mele Kyari, the NNPC Group Managing Director who attributed the high price of Liquefied Petroleum Gas (LPG) to the rising price of crude oil and its derivatives at the world market.

He stated this at the inauguration of the Emadeb Energy Services Limited’s 120MT LPG Storage and Bottling Plant in Abuja.

He, however, assured Nigerians that the NNPC Limited was working round the clock to boost the supply of LPG to ensure a crash of the price.

Kyari said, “Two things are at play; one is the supply and the other is the international price of gas. It (price) moves with the price of every other petroleum product including crude oil and its derivatives. So it is a reflection of what is happening in the international market. Continue Reading

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