Four vessels carrying 23,000 tonnes of Liquified Petroleum Gas valued at N25.3 billion have arrived at Lagos jetties, with the commodity currently sold at over N1,000 per kilogramme.

According to data from the Nigeria Ports Authority (NPA), the Alfred Temile arrived at the New Oil Jetty with 8,000 tonnes. Verrazane began discharging 9,000 tonnes at Bulk Oil Plant and 2,000 tonnes at Lister jetties.

The NPA’s shipping data revealed that Sapet Gas berthed with 4,000 tonnes at the New Oil Jetty. Only NAVAGAS and New Oil Jetty terminals are the facilities receiving regular supplies.

The move comes as the Minister of State for Petroleum Resources (Gas), Ekperikpo Ekpo, has formed a committee to develop recommendations for enhancing supplies and lowering commodity prices.

The minister formed the committee after a meeting to address issues related to the supply and pricing of cooking gas in Nigeria’s domestic market.

The meeting was held in Abuja with officials of Chevron Nigeria and NMDPRA in attendance. The minister expressed President Bola Tinubu’s concerns over the rising price of commodities and the hardships of Nigerians.

Cooking gas price in Nigeria has risen from N700 to over N1,000 due to insufficient supplies, foreign exchange sourcing, and domestic market insufficient production.

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