The Federal government says it will evaluate and review domestic gas prices across the country to make it more affordable for ordinary Nigerians.
Timipre Silva, the state Minister for petroleum resources, made this known by opening a Committee for a sector-wide review of the domestic gas pricing system.
Silva stressed the need for an appropriate domestic price system, saying it would help improve the use of cooking gas and compressed natural gas for the benefit of the manufacturing industry and Nigerians in General.
“Without the right price, we can’t do it right. We must make sure that the gas became available. This is the only way our country can strive” ” he said on Tuesday.
“It is sad to note that we sell gas to investors cheaply, while the price in the domestic market is high to the point that some Nigerians sell diesel fuel cheaper than gas.
“As soon as we solve the gas issue in the country, we will solve a lot of problems in Nigeria. Fortunately for us, gas is something we have in abundance.”
Silva said that members of the Committee should review domestic gas prices and benchmarks, make recommendations on the appropriate gas price for the relevant gas sectors, make assessments and technical proposals with a 30-day deadline.
He added that the decision to review the internal gas pricing system is also aimed at ensuring the penetration of both cooking gas and compressed natural gas (CNG), which is expected to serve as an alternative to gasoline.