The Petroleum Products Pricing Regulatory Agency (PPPRA) on Thursday disclosed that domestic consumption of Liquefied Petroleum Gas (LPG) reached 89,910 Metric Tonnes (MT) in January 2020.
PPPRA in a statement by its Executive Secretary, Abdulkadir Saidu said consumption exceeded its LPG target for the month of January 2020.
According to government’s priority objective of attaining five million metric tonnes of LPG consumption by the year 2022, which puts the national consumption target at 83,330MT per month from 2018 to 2022 estimates, the figure for January had a positive variance of 7.9% above the targeted estimated figure.
Saidu explained that he Federal Government has demonstrated its commitment to gas revolution priority by constituting and inaugurating the National Gas Expansion Programme (NGEP) Committee to drive the deepening of LPG Penetration as well as Compressed Natural Gas (CNG) Auto-Gas Utilisation among other gas utilisation objectives in collaboration with all relevant stakeholders.
He recalled that over the past two years, domestic LPG consumption has steadily been on the upward swing.
He attributed the upsurge “The impact of federal government policy and programme on deepening LPG penetration nationwide.
“Increased awareness and utilisation of LPG in the domestic economy; Improved performance of private sector operators in the products supply and distribution chain; Entrance of new players (investors) in the sector as a result of the enabling environment created; and Inclusion of new LPG storage and reception facilities in the NLNG domestic supply chain.
He noted that given the current trend, the Federal Government’s target of five million MT by 2022 was achievable if the current tempo of sensitisation and coordination is sustained and improved upon by government, regulators and industry players.