shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » STAKEHOLDERS: Why LPG Price Hits The Roof Top

STAKEHOLDERS: Why LPG Price Hits The Roof Top

by Ade
January 10, 2010
in Uncategorized

In an apparent reaction to  the prevailing soaring cost of Liquefied Petroleum Gas (LPG), stakeholders in that sub-sector have explained that lack of jetties and high ship turn- around- time are some of the major causes of the problem.
The soaring price of LPG which is also serves as feedstock for industrial purposes, power generation and domestic use in the country is generating a lot of concern for stakeholders as cooking gas all over the country is still being sold for exorbitant prices of N3, 500.
Industry sources expressed shock that even though Nigeria exports about two million tonnes of Liquefied Natural Gas annually, it cost a lot more to buy LPG  in Nigeria when compared with the fact that it costs as low as between N750 and N800 in other countries.
They also identified lack of adequate LPG vessels and enough jetties as some of the factors responsible, saying that there are not enough jetties for the LPG vessels to berth and this has led to shortfalls in supply.
Mr. Raymond Ugwuanyi , a manager at Petrochin Chemicals Ltd, a frontline private investor and dealer in LPG confirmed in a chat with Shipping Position Weekly that vessels bringing in LPG products usually take days and sometimes months to discharge their cargo because of the preference for PMS and the AGO  laden vessels.
He said “the ship that brought in PMS will have to be allowed to finish discharging products which normally takes days while the LPG is kept waiting on the line for months”.
Ugwuanyi recalled also that directives had been issued to all companies operating in that sub-sector of the oil and gas industry to deliver liquefied petroleum gas to Nigerians and to inform the NNPC of any constraints or delays they might have with its agencies in the course of executing their projects for prompt intervention and solution, but lamented that such complaints are yet to yield possible fruits as the prices still remain the same.
He said that more private investors’ collaborations should be encouraged as there are very few jetties in Lagos state that engage in importation of LPG or that have an LPG plant. He however identified NIPCO, Folawiyo and Lister.
Investigations conducted by Shipping Position Weekly at a refilling station revealed that a 50kg of cooking gas still goes for N13, 000 as against the N10,000 obtainable last year and also the 25kg is sold for N6,500 while the 12.5kg still goes for as high as N3,500.

 


Related Posts

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

VESSELS EXPECTED AT LAGOS PORT AS AT TUESDAY 10, MAY 2022

May 10, 2022
VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 29, APRIL 2022

April 29, 2022

‘Why I Pay More Attention To Rail Than Maritime Sector’- Rotimi Amaechi

September 27, 2021
ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

ANLCA President Calls For Emergency On Reconstruction Of Roads Leading Into Apapa

May 15, 2021

Discussion about this post

Latest News

Shipping Position Interaction with Dr Eugene Nweke (Concluded)

Shipping Position Interaction with Dr Eugene Nweke (Concluded)

May 28, 2022

NNS KADA Will Further Improve Maritime Security Around Gulf Of Guniea  – CNS

AfDB Targets Wheat Importation Cut In Nigeria By 40 Per Cent

VESSELS EXPECTED AT LAGOS PORT AS AT SATURDAY 28, MAY 2022

Customs Western Marine Command Intercepts Cannabis Sativa, Rice

Minister Inaugurates Committee On Nigeria Agro Produce

Nigeria, EU Partner To Address Instability In Niger Delta

U.S. Seizes Iranian Oil Cargo Near Greek Island – Sources

VESSELS EXPECTED AT LAGOS PORT AS AT FRIDAY 27, MAY 2022

100 Days In Office: NPA MD Commissions Training School

NIMASA To Entrench Home Grown Human Capacity Development – DG

Egypt’s Suez Canal Maritime Traffic Generates $15m Daily — Official

kindly like our Facebook page

Health

Stay Away From Bush Meat To Prevent Monkeypox, NCDC Urges Nigerians
Health

Stay Away From Bush Meat To Prevent Monkeypox, NCDC Urges Nigerians

May 23, 2022

The Director-General of the Nigerian Centre for Disease Control, Dr. Ifedayo Adetifa has urged Nigerians to avoid bush meat as...

Stop Consuming Suya Roasted With Open Flames, Physician Tells Nigerians

Stop Consuming Suya Roasted With Open Flames, Physician Tells Nigerians

May 23, 2022
COVID-19, 40 Other Outbreaks Top Regional Diseases In 2021 – WAHO

COVID-19, 40 Other Outbreaks Top Regional Diseases In 2021 – WAHO

May 16, 2022
EU Relaxes Anti-COVID Measures, Drops Wearing Of Masks On Planes

EU Relaxes Anti-COVID Measures, Drops Wearing Of Masks On Planes

May 16, 2022
What You Need To Know About Monkeypox

What You Need To Know About Monkeypox

May 16, 2022
Sleep Duration Of 7 Hours Optimal For Elderly – Study

Sleep Duration Of 7 Hours Optimal For Elderly – Study

May 16, 2022
COVID-19 On Increase In Americas, Africa – WHO

COVID-19 On Increase In Americas, Africa – WHO

May 9, 2022
‘65 Per Cent Of Africa’s Population Survived COVID-19’

‘65 Per Cent Of Africa’s Population Survived COVID-19’

May 9, 2022
Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

Seven Hours Of Sleep Ideal For Middle-Aged Persons – Study

May 9, 2022
Some Things That Are Actually Damaging The Kidneys (2)

Some Things That Are Actually Damaging The Kidneys (2)

May 9, 2022

The World Of Vaccines, Before And After COVID

April 29, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition