Nigeria's domestic cooking gas supply surges 50% as imports plummet
Domestic cooking gas supply in Nigeria increased by 50% in September, reaching 4.5 kilotonnes per day from 3.0 kilotonnes in August.
In Brief
- •Domestic cooking gas supply in Nigeria increased by 50% in September, reaching 4.5 kilotonnes per day from 3.0 kilotonnes in August.
- •Imports of cooking gas fell by 85% to 0.2 kilotonnes per day, with domestic sources accounting for 96% of the market.
- •Daily consumption rose by 8% to 5.2 kilotonnes, exceeding total daily receipts, indicating a drawdown on stocks.
- •Retail prices for cooking gas decreased by about 39% in August, easing pressure on retailers.
- •The shift towards domestic production marks a significant change from earlier reliance on foreign cargoes.
Why It Matters
The surge in domestic cooking gas supply is a crucial development for Nigeria, which has been heavily dependent on imports to meet its energy needs. This shift not only reduces the country's vulnerability to supply disruptions but also supports the government's efforts to promote cleaner cooking methods. The improved supply situation can help stabilize retail prices and ensure a more sustainable energy future for the population.
Key Details
- Domestic LPG Supply
- 4.5 kilotonnes per day
- Imports
- 0.2 kilotonnes per day
- Daily Consumption
- 5.2 kilotonnes
- Price Decrease
- 39%
- Domestic Market Share
- 96%
Context & Background
Nigeria has historically relied on foreign cargoes to steady retail prices after supply disruptions. The recent improvement in local production, particularly since the Dangote refinery began operations, has been supported by federal policies and incentives.
Original Reporting & Sources
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