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NIPCO deepens Nigeria’s LPG market with 10,000mt plant

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Integrated oil and gas company, NIPCO Plc, has spoken of the positive impact which its 10,000 metric tons plant will have in the distribution of LPG to gas markets plants across Nigeria and servicing over 25 LPG off takers approved by the Nigeria Liquefied Natural Gas, NLNG Ltd.

Managing Director of the company, Sanjay Teotia, who declared this during the conferment of special award by Nigeria Association of LPG Marketers (NALPGAM) on the company, in Uyo, Akwa Ibom state, maintained that NIPCO’s storage and distribution system has always been within the context of the Annual Contract Quantity [ACQ] approved by the Nigeria LNG, which had been meticulously  followed  to the delight of all stakeholders .

Teotia spoke through the company’s Assistant General Manager, Corporate Affairs, Lawal Taofeek, at the event, which was also used to deepen LPG usage in the state.

Throwing his weight behind the NLNG for maintaining global standard in its dealings with all stakeholders, Teotia noted that the gas giant had been fair and just to all in the distribution of the product under the ACQ, which had partly contributed to the growth in the usage and utilization of the clean and smoke-free cooking fuel.

He said; “The company’s efforts in the sector is aimed at improving the gas value chain by providing avenue for storage and dispense to bottling plants owners and other ancillary operators in the LPG market . In the course of NIPCO’s intervention, the transport infrastructure and delivery system were improved upon with scores of LPG delivery trucks to bottling plants and over 60 skids inaugurated by the company across the country.

“Our plant with a combined capacity of over 10,000mt has not only served as veritable channel for storage of the product alone but also distribution to gas markets plants across the nation and  servicing  of over 25 LPG off takers approved by the Nigeria LNG Ltd.

“NIPCO’s storage and distribution system has always been within the  context of the Annual Contract Quantity [ACQ]  approved by the Nigeria LNG which had been  meticulously  followed  to the delight of all stakeholders .”

It is pertinent, according to the NIPCO’s boss, to mention that NLNG had been fair and just to all in the distribution of the product under the ACQ to all buyers which had partly contributed to the growth in the usage and utilization of the clean and smoke free cooking fuel.

“NLNG has remained a reasonable and consistent company in honoring agreement with all buyers in line with its ACQ, a feat that we are delighted upon as one of t6he key operators in the LPG sub sector of the hydrocarbon industry.

“The intervention of NLNG in the domestic LPG market since 2007 has been commendable with regularity of supplies with majority of the organization off takers taking their volumes through the PPMC jetties with its attendant cheaper logistic cost of receipt,” he said.

Reacting to the award, Teotia said; “It is a thing of joy to be part of one of the giant strides of the Nigerian Association of LPG Marketers [NALPGAM] at deepening usage of LPG as preferred cooking fuel amongst the populace and the conferment of special recognition award on NIPCO Plc.

“The sensitization programme is very apt as veritable avenue of increasing awareness  of the LPG usage as cooking energy of choice in the country taking due consideration of the abundance of the energy resource in Nigeria.

“NIPCO had been consistent in supporting awareness program in the sector to raise stakeholders’ awareness and improved safety consciousness across the country through plethora of events including printing of LPG safety pamphlets and donation of gas accessories.”

The award for the company, he added, is well appreciated, taking into consideration the reasons adduced for the recognition among the plethora of stakeholders in the sector.

NIPCO in the letter of award was adjudged to have played exemplary roles in deepening of LPG utilization/consumption in Nigeria in the areas of LPG availability, distribution, accessibility and affordability.

The National President , Barrister   Nosa Ogieva–Okunbor, and members of the Governing Council of the association noted that since the entry of the company in 2009, the face of the business is changing positively with more avenue to source the product for the benefit of end-users.

NIPCO also recalls with delight the presentation of the best LPG marketing company of the year to the company in 2017, a feat that has emboldens the organization to render selfless service to stakeholders in the sector in particular and the industry in general.

“Once again accept our congratulations for the successful hosting of stakeholders in your drive to improve LPG utilization across the country even as we assure all of our resolve to continue to promote LPG use among the populace,” he concluded.

opabiredNIPCO deepens Nigeria’s LPG market with 10,000mt plant
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Group to distribute N5m free gas in A/Ibom

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The Association of LPG Marketers (NALPGAM) is set to distribute cooking gas worth over N5 million for free to low income earners in Akwa Ibom State. The president of the association, Nosa Ogieva-Okunbor, said 100 gas cylinders would be given out to First Lady Martha Emmanuel’s pet project FeYREP for onward distribution to the less privileged to deepen the use of cooking gas in the state.

Speaking yesterday in Uyo during a pre-annual general meeting press briefing, Ogieva-Okunbor said about 300 gas cylinders would be distributed randomly.

Ogieva-Okunbor said multiple taxations by government agencies remained a challenge for the industry.

opabiredGroup to distribute N5m free gas in A/Ibom
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COST OF COOKING GAS DROP TO N2,028.04 – NBS

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The National Bureau of Statistics (NBS) said that the average cost of refilling a five kilogramme (kg) cylinder of Liquefied Petroleum Gas (Cooking Gas) dropped to N2,028.04 in May 2019 from N2,046.53 in April, 2019.

The NBS made the disclosure in its “Liquefied Petroleum Gas (Cooking Gas) Price Watch’’ for May released on Monday in Abuja.

The bureau said the price of refilling a five kg cylinder of cooking gas dropped by -0.90 per cent month-on-month and -2.13 per cent per cent year-on-year in the period under review.

According to the bureau, states with the highest average price for the refilling of a five kg cylinder of cooking gas were Adamawa and Bauchi (N2,500.00), Yobe (N3,375.00) and Borno (N2,342.86).

It named states with the lowest average price for the refilling of a five kg cylinder of cooking gas to include Edo (N1,714.17), Abuja (N1,675.00) and Ebonyi (N1,666.67).

Similarly, the NBS said the average price for the refilling of a 12.5 kg cylinder of cooking gas decreased in the month under review.

It said the price for refilling a 12 kg cylinder decreased by -0.79 per cent month-on-month and -1.82 per cent year-on-year to N4, 220.44 in May from N4, 253.91 in April, 2019.

According to the NBS, states with the highest average price for the refilling of a 12.5kg cylinder of cooking gas are Bayelsa (N4,690.00), Akwa Ibom (N4,611.67) and Enugu (N4,608.33)

It named states with the lowest average price for refilling of a 12.5kg cylinder of cooking gas) as Katsina (N3, 842.86), Kano (N3, 825.00) and Ekiti (N3, 806).

The NBS said that field work was done solely by more than 700 of its staff in all states of the federation, supported by supervisors who were monitored by internal and external observers.

It said that various prices were collected across the 774 Local Governments Areas across all states and the Federal Capital Territory from more than 10,000 respondents and locations.

The NBS said its audit team subsequently, conducted randomly selected verification of prices recorded.

opabiredCOST OF COOKING GAS DROP TO N2,028.04 – NBS
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Osinbajo says 14m households will embrace cooking gas in the next 5 years

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The Federal Government has put measures in place to ensure that up to 13.8 million households in Nigeria embraced usage of Liquefied Petroleum Gas (LPG) for their cooking within the next five years.

Vice-President Prof. Yemi Osinbajo made the statement on Friday while inaugurating a landmark LPG cylinder manufacturing plant, built at Ajah, near Lagos by Techno Oil Limited.

The News Agency of Nigeria (NAN) reports that the plant, the building of which commenced in 2015, is the largest of its type in West Africa.

“We are targeting a 40 per cent adoption rate or 13.8 million households in five years and 73 per cent adoption in 10 years or about 33.3 million households,’’ Osinbajo stated.

He said that government was also envisaging to generate up to two million jobs from the LPG sector during the tenure of this administration.

According to him, government has also set a goal to achieve five million metric tonnes of domestic, commercial and industrial LPG utilisation within the next 10 years.

He said that government was doing its utmost to harness the abundant resources in the gas sector, disclosing that the National LPG Expansion Programme had been established to achieve the goals by government in the new gas policy.

We identified that it is necessary to emphasise coordination and collaboration in promoting LPG adoption as previous attempts in achieving the goal has failed because of fragmented approach within the government.’’

Osinbajo said that progress had been made in LPG adoption with the removal of five per cent VAT from the domestic pricing of the commodity to discourage importation.

“Techno Oil’s investment auspiciously converges with our administration’s efforts to speedily diversify our economy, through domestic and indigenous solutions.

“When we came into office in 2015, one of the issues we identified was the abysmally low domestic utilisation of LPG in Nigeria.

The vice-president said that it was wrong for Nigeria to continue to rely on biomass fuels such as firewood and traditional fuels such as petrol and diesel for their domestic energy needs.

He said that biomass and other fuels were prone to giving health, environmental, economic and social challenges, ranging from carbon emissions, deforestation and high number of deaths resulting from air pollution.

“According to the World Health Organisation, the smoke from burning wood fuels is a major cause of women and children mortality in Nigeria,’’ he added.

The Executive-Vice Chairman of Techno Oil, Mrs Nkechi Obi, said that cylinder inadequacy and high cost of acquiring the facility had been taken care of with the building of the plant.

This plant has an annual production capacity of over five million cylinders of different sizes and we believe it will go a long way to boosting the LPG adoption drive in Nigeria.

“We have just two million cylinders in circulation in Nigeria at present. However, in just four months, this plant will produce one million cylinders.

“This means that we have the capacity to meet the country’s requirements and to produce for export to other West African countries,’’ Obi said.

She, however, appealed to government to provide necessary support to the company to sustain local manufacturing of the cylinders.Author: News Agency Of Nigeria Source: Pulse Nigeria

opabiredOsinbajo says 14m households will embrace cooking gas in the next 5 years
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NNPC TO UNVEIL LARGEST COOKING GAS FACILITY IN BENIN

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The Nigerian National Petroleum Corporation (NNPC) is to open a liquefied petroleum gas (LPG) storage and dispensing facility in Benin City, Edo State.

The facility, developed in partnership with its upstream exploration and production subsidiary, the Nigerian Petroleum Development Company Limited (NPDC), is part of efforts to fast track the consumption LPG, popularly called cooking gas, in the country.

NNPC’s spokesperson, Ndu Ughamadu, said the facility will be the largest LPG and propane storage and dispensing outfit in country.

The Managing Director of NPDC, Yusuf Matashi, said the IGHF would be a game changer for the NNPC, as both facilities (IGHF & LPG bay), when commissioned, would be a huge revenue stream for the Federal Government.

Mr Matashi said before the end of 2019, NPDC would be producing 40 per cent of Nigeria’s LPG consumption requirements.

He said the storage facility was centrally positioned in Benin City to supply LPG to consumers in Lagos, South-South; South-East and to the Northern part of the country, to grow consumption LPG consumption nationwide.

According to him, the NPDC’s production outlook for 2019/2020 was on the bright side, as the company is aggressively pursuing its drilling and field development programmes as approved by the NNPC.

Mr. Matashi also said the NPDC has maintained cordial relations with regulatory agencies, such as the Department of Petroleum Resources (DPR), apart from consistently remitting its royalties and Petroleum Profit Tax to the Federal Inland Revenue Service (FIRS).

He said the NPDC and its various host communities were living in peace due to the company’s commitment to sustainable community development policy.

Over time, he said the company won the confidence of the people of the Niger Delta region and would continue to build on the gains recorded.

Source: Premium Times

opabiredNNPC TO UNVEIL LARGEST COOKING GAS FACILITY IN BENIN
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6TH AFRICAN LPG SUMMIT RETURNS TO DAR-ES SALAAM IN JULY 2019

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Tanzania will host the Africa LPG Summit from 3-4 July at the Mlimani Conference Centre, Dar es Salaam for the second time. It was first held in Tanzania in 2016. This year’s platinum sponsor is Oryx Energies.
The 6th African LPG conference and exhibition will include a vibrant exhibition of 80 companies and a dynamic conference agenda focusing on the East African region over two days.

This event is endorsed by Petroleum Bulk Procurement Agency (PBPA) and World LPG Association (WLPGA). Entry is free and online registration is open at http://www.lpgsummit.com/africa2019

As LPG is proving itself to not only be a healthier and more environmentally friendly fuel, it is also now proving itself to be cheaper and more economic than charcoal – at almost five times cheaper.

The Summit seeks to proliferate the use of LPG at a time when it has become economically sensible for the majority of users who are still using traditional fuels to switch over to LPG. The benefits of using LPG has far reaching implications and has the potential to save the lives of millions and improve the quality of life of many millions more causing ripples that will benefit future generations like few other lifestyle changes can.

Source: Africa Logistics

opabired6TH AFRICAN LPG SUMMIT RETURNS TO DAR-ES SALAAM IN JULY 2019
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Opab Gas launches student work scheme in actualisation of SDG goals 7,8 and 17

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OPAB GAS, the first digital distributor of safe, clean, renewable and affordable gas in North Central Nigeria in line with Goal 7 of the SDGs of the United Nations, has further delved into the promotion of more SDGs towards ensuring a safer, healthier, inclusive and better environment for everyone.

Goal 8 of the SDG charges us to provide “decent work and economic growth”, and OPAB Gas is working assiduously not only for people who want to buy gas but for people who want to sell gas, or work for/with us. We are starting a program for undergrates of the University of Ilorin and Kwara State University in order to draft them into our already safe and accommodating work environment following Goal 17, so that we can effectively collaborate and work for the achievement of the SDGs. To apply simply send a pitch of not more than 250 words to opabgas@gmail.com.

Opab Gas is forever committed to the development of our community and world, and we will continue to partner and collaborate for the promotion of a better environment for everyone.

opabiredOpab Gas launches student work scheme in actualisation of SDG goals 7,8 and 17
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Cooking Gas Scarcity Looms as NIMASA Detains NLNG Vessel

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  • Bans waivers, commences clampdown on foreign vessels
  • NNPC’s refineries record N137.5bn operational losses

By Ejiofor Alike, Eromosele Abiodun in Lagos and Chineme Okafor in Abuja

Nigerians may experience scarcity of Liquefied Petroleum Gas (LPG), better known as cooking gas, following the detention of NLNG Limited’s vessel by the Nigerian Maritime Administration and Safety Agency (NIMASA) over alleged violation of the Cabotage Act, THISDAY has learnt.

It was gathered that the detention of ‘MT Navigator Capricorn,’ the only vessel that supplies cooking gas to Nigeria’s domestic market, has created supply crisis, leading to a hike in the price of the product.

The maritime regulator yesterday also said it had commenced clampdown on vessels that do not comply with the provisions of the Cabotage Compliance Strategy introduced last year, to ease the implementation of the Cabotage Act of 2003.

The vessel, which brought 13,000 metric tonnes of LPG to Lagos from NLNG’s Bonny Island plant in Rivers State, was detained for about 10 days by NIMASA at the NOJ Jetty at Apapa after it had discharged its product.

NLNG brought in the new vessel to replace ‘MT Gas Providence,’ which used to supply LPG to the domestic market.

THISDAY’s investigation revealed that the new vessel, which started operation in the country in 2018 brings in LPG every two weeks to Lagos for the licensed off takers appointed by the NLNG to distribute LPG to the domestic market.

However, the refusal of the maritime regulator to allow the vessel to sail back to Bonny Island to continue its two-weekly voyage to Lagos, created supply crisis.

The development, it was learnt, has already led to a hike in the cost of cooking gas in the country.

For instance, a 20MT tanker of LPG, which cost N3.7 million before the crisis, was selling for N4.15 million at the weekend, while a 12.5kg LPG cylinder, which cost N3,200 was selling for N3,800 in some places in Lagos at the weekend.

 LPG marketers who spoke to THISDAY confirmed that the supply of the product was facing some threats with the arrest of major vessel supplying the product by NIMASA in the last one week.

According to one of the marketers, the vessel, which is  on lease to NLNG since last year,  has been having a running battle with NIMASA over its operations in Nigeria, being a foreign vessel.

The marketer said: “The issue got to its peak last week with NIMASA detaining the vessel at the NOJ, one of the berthing space specially dedicated at the NNPC-owned jetty at Apapa

“The vessel that berthed at the jetty about 10 days ago had finished discharging gas to major gas depots in Apapa, including NNPC, NIPCO, as well as 26 off takers of NLNG  last weekend and was billed to sail away before NIMASA  detained it.”

However, after series of negotiation between NIMASA, NLNG and key stakeholders in the LPG sector, the vessel was moved to safe anchorage to allow other operators access to NOJ Jetty, which is a very strategic berthing space at the Apapa jetty

THISDAY gathered that the NOJ is very key to LPG supply in Nigeria as it is the only jetty available for berthing of LPG vessels in Apapa axis where over 80 per cent of the entire LPG supply into the country is delivered to depots.

 A top official of NIMASA, who spoke to THISDAY at the weekend, said the vessel was detained due to non-compliance with the Cabotage Act as it affects foreign vessels.

He explained: “Under the Cabotage Act, all foreign vessels operating charter services in Nigerian waters are supposed to have a certain number of Nigerians on board as part of its crew.

 “However in the case of the detained vessel, it was not having Nigerians on board, which runs contrary to our laws.”

But an official of NLNG told THISDAY on condition of anonymity that the company was aware of the provisions of the Cabotage Act, which stipulate that Nigerians must be on board foreign vessels operating in the country.

He, however, added that the safety standard set by NLNG for the vessel was too high that it would be difficult to get Nigerians with such high expertise to man the vessels.

“The safety standard set by the vessel owners and the NLNG is too high and it will be difficult to get Nigerians with such high expertise. NIMASA’s position is that we should even train Nigerians to acquire such skills but training Nigerians will take a long time,” he said.

“With the intervention of stakeholders, NIMASA released the vessel to sail away to the Bonny Island but the supply dislocation will not normalise until after the elections. In fact, the vessel will not be available until after the elections and this will create scarcity in the market,” he added.

The vessel, it was gathered, is on charter by NLNG for upward of about two years.

NIMASA Ban Waivers, Commences Clampdown on Foreign Vessels

Meanwhile, NIMASA has stated that it has commenced clampdown on vessels that do not comply with the provisions of the Cabotage Compliance Strategy introduced last year, to ease the implementation of the Cabotage Act of 2003 in Nigeria.

In a statement yesterday, the Director-General of NIMASA, Dr. Dakuku Peterside, said the agency would no longer encourage the application of any form of waivers under the Cabotage Act, particularly from the oil firms operations as such do not help the growth of the Nigerian maritime sector and economy at large.

He said: “our laws forbid foreign vessels operating in our territorial waters save for compliance with the Cabotage Act. There shall be no sacred cow when we commence clampdown on erring vessels.

“We want to increase the number of Nigerians who participate in the marine aspect of your business and we are working closely with the Nigerian Content Development and Monitoring Board (NCDMB) to have a joint categorisation of vessels operating under the Cabotage Act in order to ensure the full implementation of the Act.”

Already, he said a detention order for a Motor Tanker, MT NAVIGATOR CAPRICORN, which is a LPG carrier, has been approved for contravening sections of the Cabotage Act.

The vessel, he stated, was first boarded in October 2018 and all infractions of Cabotage non-compliance were noted and communicated accordingly to the charterer/Owners representatives with a 90 days’ grace period to comply.

“The 90 days expired on January 31, 2019. It is noteworthy that the owners made undertaking to remedy the notable infractions when the vessel was issued a detention warning in October 2018.

“While NIMASA is currently engaging the owners and charterers of the vessel on the need to comply with the laws of the land, MT NAVIGATOR CAPRICORN has been moved to Lagos Anchorage to allow space for other LPG vessels to discharge at the NOJ Jetty, “he said.

Peterside had recently led the agency officials to meet with the Oil Producers Trade Sector (OPTS) in Lagos where he urged industry players to draw up a five-year strategic plan for the cessation of application for Cabotage waiver and also pursue the utilisation of Nigerian-owned vessels for marine contracts.

In August 2018, NIMASA had introduced a new Compliance Strategy for Cabotage Implementation in Nigeria to ensure full implementation of the Cabotage Act, 2003 to secure jobs for qualified Nigerians in the maritime sector.

The agency via a Marine Notice suspended considerations for applications of grant of waiver on manning for prescribed categories of officers in vessels engaged in Cabotage trade.

NNPC’s Refineries Record N137.5bn Operational Losses

The three refineries operated by the Nigerian National Petroleum Corporation (NNPC) in Warri, Port Harcourt, and Kaduna, made profit only once in the last 13 months and recorded a consolidated trading losses amounting to N137.489 billion, a monthly operations and financial report from the corporation has disclosed.

Obtained by THISDAY yesterday in Abuja, the report, which was for the month of November 2018, was posted on the official webpage of NNPC.

It showed that except for April 2018, when the refineries posted a consolidated trading surplus of N6.321 billion, its operational records in the other 12 months were all losses.

For instance, figures on the financial performance of the refineries between November 2017 and November 2018, indicated that in November 2017, they posted a deficit worth N11.144 billion; in December 2017, it was N11.095 billion; and then at the turn of the year 2018, they posted a consolidated loss of N13.586 billion.

The refineries continued their loss-making trends in February 2018 with a deficit of N8.055 billion; and N11.889 billion in March before turning around their fortunes in April to record a profit of N6.321 billion which was the only profit they ever made within the period.

Returning back to their loss-making inclinations, the refineries in May 2018 recorded their heaviest deficits with N20.081 billion netted in their books; N14.510 billion was again recorded against them in June; N10.449 billion in July; N10.793 billion in August; N6.972 billion in September; in October, it was N9.326 billion; and then N9.585 billion in November 2018.

With regards to capacity utilisation, the NNPC report noted that in November 2017, it was a combined efficiency of 5.81per cent, it rose to 26.99 per cent in December of the same year, and then dropped to 10.89 per cent in January 2018.

In February 2018, it rose slightly to 13.94 per cent; in March, it rose again to 14.41 per cent before sliding by more than half to seven per cent in April; and rising again to 20.12 per cent in May; 20.66 per cent in June; and then nosediving to 4.83 per cent July; and 3.02 per cent in August.

In September and October 2018, all of the corporation’s refineries had zero capacity utilisation indicating they perhaps produced nothing within these two months. They then picked up to a meagre 0.67 per cent capacity utilisation in November 2018.

Also, the report noted that their yields efficiency based on Crude Distillation Unit (CDU); Catalytic Reforming Unit (CRU); and Fluid Catalytic Cracking (FCC), the Port Harcourt refinery had the highest with 88.73 per cent, followed by Warri refinery which had 83.24 per cent, and then Kaduna refinery with 40.87 per cent over the period.

Over the period, the report equally stated that the refineries produced 842,109,103 litres of petrol and 406,065,675 litres of kerosene, out of the 20,084,584,883.64 litres of petrol and 601,483,991.02 litres of kerosene consumed in Nigeria.

opabiredCooking Gas Scarcity Looms as NIMASA Detains NLNG Vessel
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Price of cooking gas droped in November – NBS

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oto credit: Business Daily]

The average price to fill a five kilogramme cylinder of cooking gas in Nigeria decreased by 2.82 per cent between October and November, the National Buraeau of Statistics (NBS) stated in a monthly report.

The report was published on the bureau’s website. It shows the price dropped from N2,145.30 recorded in October to N2,084.74 in November.

According to the report, states with the highest average price for the refilling of a 5kg cylinder of cooking gas were Akwa Ibom (N2,350.68), Abia (N2,300.50) and Bauchi (N2,300).

“States with the lowest average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Lagos (N1,954.55), Kwara (N1,945.45) and Ebonyi (N1,908.33),” it said.

Similarly, average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by 4.59 per cent beween October and November and reduced by 6.61% between November 2018 and November 2017. The price decreased to N4, 242.26 in November 2018 from N4,446.19 in October 2018.

“States with the highest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Akwa Ibom (N5,000.00), Abia (N4,618.75) and Anambra (N4,578.95).”

“States with the lowest average price for the refilling of a 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) were Osun, (N4033.33), Bauchi & Edo (N4,025.00) and Oyo (N4,000.00),” it said.

LPG is becoming increasingly popular for cooking in urban areas across Nigeria. Other popular fuel for cooking, particularly in rural areas, are charcoal and kerosene.

opabiredPrice of cooking gas droped in November – NBS
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Cooking gas price drops by 20 per cent in 2018 – NBS

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The average cost to fill a five kilogram cylinder with cooking gas in Nigeria decreased by at least 20 per cent from N2,708 in February 2017 to N2,156 in February 2018, a National Bureau of statistics says.

Its report titled, Liquefied Petroleum Gas, LPG, (Cooking Gas) price watch, was published on the bureau’s website on Tuesday.

Also, the average price of N2,156 was a 1.6 per cent decrease from the N2,190 recorded as the average price of refiling a five kilogram cylinder for January 2018.

Adamawa, Yobe and Borno states had the highest average prices for the refilling of a 5kg cylinder, while the Federal Capital Territory, Abuja, Ebonyi, and Ekiti states recorded the lowest average prices for February 2018.

The report also showed that the average price for refilling a 12.5 kilogram cylinder decreased by 18.9 per cent to N4,334 from the N5,345.9 recorded for February 2017.

In relation to January 2018, there was a 0.12 per cent increase from the N4,327.9 it recorded to the N4,334 recorded for February 2018

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Akwa Ibom, Benue, and Kogi states had the highest average prices for refilling a 12.5 kilogram cylinder with Cooking Gas, while Lagos, Ogun and Oyo states had the lowest average prices.

Based on a zonal analysis, the North-east maintained its spot as the zone with the highest average price for refilling five kilogram cylinders in February 2018 as it did in January 2018. The average price was N2,291.7.

The North-east also recorded the third lowest average price for refilling 12.5 kilogram cylinders at N4,306.

The South-south also maintained its position as the zone with the highest average price for refilling a 12.5 kilogram cylinder with cooking gas at N4,641 for the month of February 2018.

For refilling the five kilogram cylinders with cooking gas, the South-south had the second highest average price at N2,152.6.

The North-central had the least average price for refilling five kilogram cylinders at N2,085 and the second highest price for refilling 12.5 kilogram cylinders with cooking gas at N4,535.7.

The zone with the lowest average price for refilling 12.5 kilogram cylinders for February 2018 was the South-west at N3,998.7. It was also the zone with the second lowest average price for refilling five kilogram cylinders with cooking gas at N2,138.

The North-west had the second highest average price for refilling the 12.5 kilogram cylinder with cooking gas at N4,121. It also recorded the third highest average price for refilling the five kilogram cylinder at N2,140.

The South-east recorded the third lowest and third highest average price for refilling the five kilogram and 12.5 kilogram cylinders respectively. The average prices are N2,139.9 for the five kilogram cylinder and N4,410.9 for the 12.5 kilogram cylinders.

opabiredCooking gas price drops by 20 per cent in 2018 – NBS
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