November 25, 2024
Nigeria To Ban Cooking Gas Export To Crash Price, Says Minister
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Nigeria To Ban Cooking Gas Export To Crash Price, Says Minister

The Federal Government says it is working to halt the exportation of Liquefied Petroleum Gas (LPG), also known as cooking gas in order to bring prices down.

The Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, who was speaking at the opening of its Internal Stakeholders’ Workshop in Abuja, said all LPG produced within the country will have to be domesticated, leading to an increase in volume, and subsequently lower prices.

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Speaking on the conversion of vehicles to Compressed Natural Gas (CNG), to cushion effect of fuel subsidy removal, Minister Ekpo said he has been interfacing with the Presidential Initiative on CNG towards realising the goal, and would put out an update once he gets it.

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