The Federal government has stopped exporting cooking gas to reduce its price in the country. Minister of State for Petroleum Resources, Ekperikpe Ekpo, announced this at the ‘Internal Stakeholders’ Workshop’ in Abuja, with the theme ‘Harnessing Nigeria’s Proven Gas Reserves for Economic Growth and Development.’
He stated that Nigeria will temporarily halt the export of Liquefied Petroleum Gas (LPG), known as cooking gas, to address the scarcity and high prices within the country.
“We are interacting with critical stakeholders to ensure that there is no exportation of LPG.
“All LPG produced within the country will have to be domesticated. And when this is done, the volume will increase and of course, the price will automatically crash.
“I am in contact with the regulation, NMDPRA, we hold meetings almost on daily basis, and the producers such as Mobil, Chevron, and Shell. So there is that hope that things will turn around. We don’t need to make noise about it,” the minister said.
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