LPG Depot Price Round-up for 02/02/2021

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• Author: Muyiwa Ige(LPG Stakeholder and Consultant)

Even with the arrival of LPG cargos at PPMC and Nipco LPG depots in Lagos after several days without the product, the price of 20 Ton of Cooking gas remains high.

Navgas which sold 20 Tons of LPG at the rate of N5,600,000 now sells it for N5,500,000, Nipco –N5,400,000, PPMC – N5,450,000 Matrix Energy –N5,550,000, Prudent Energy – N5,550,000; while Stockgap and Techno Oil LPG depots are out of stock.

If the international LPG forecast by Aramco, Saudi Arabia's Oil Corporation, is anything to go by, the price of LPG will experience a reasonable drop before the end of February.