Undersupply is to blame for the increased price of cooking gas – Kyari

Mele Kyari, the Nigerian National Petroleum Corporation’s Group Managing Director, has informed Nigerians that the company is working with necessary agencies to keep gas prices affordable by boosting the volume delivered to the domestic market.

During a courtesy visit to the Department of Petroleum Resources headquarters in Abuja on Wednesday, Kyari provided the promise while answering questions from journalists.

“Today, this country is undersupplied with gas; we can tell you that stocking our network across the country with gas is proving difficult,” he stated. As a result, if supply is low, pricing will be affected.

“The LPG supply mechanism is now quite poor. As a result, we’re working closely together to ensure that we can extract LPG from our gas resources and make it available to the market.

“We are aiming to increase the volume of gas available in the domestic market to make prices more accessible. By doing so, we bring it closer to home and expand the networks; once supply is plentiful, prices will undoubtedly fall.”

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Sarki Auwalu, DPR’s Chief Executive Officer, stated that the company intends to boost gas production to 230 trillion cubic feet by 2030.
“Let me take this occasion to inform the NNPC’s GMD that we were able to expand the gas reserve by 3.6 trillion cubic feet last year.”

In a similar development, the Department of Petroleum Resources’ Abia State Field Office has stated that the current scarcity of petroleum products in the south-eastern states is not due to the Federal Government’s hike in the official pump price.

On Tuesday, our reporter in Umuahia, the capital of Abia State, observed a scarcity of petroleum products that began last weekend, with many filling stations lacking the products and those that did selling at N220 for petrol.