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NMDPRA Advocates Increased LPG Imports to Lower Prices

Rabiu Umar, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), announced that increasing the import of liquefied petroleum gas (LPG) is a critical solution to address the rising costs of cooking gas in Nigeria. He highlighted that the country is expected to experience a shortfall of 165,000 metric tons of LPG by the third quarter of 2026.

The current situation is exacerbated by global supply disruptions due to the ongoing conflict in the Middle East, particularly the war involving Israel and Iran. Umar emphasized the need for immediate action to fill the supply gap, including enforcing a ban on the export of LPG products and increasing local blending capacity.

He also called for enhanced monitoring and enforcement of supply distribution, as well as the deployment of technology to improve market integration and expand LPG storage and distribution infrastructure nationwide.

Plus234Feed summary based on reporting from Daily Trust. Read the original report below.

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NMDPRA Advocates Increased LPG Imports to Lower Prices | Plus234Feed