FG To Stop Export Of Cooking Gas To Reduce Price – Minister

FG To Stop Export Of Cooking Gas To Reduce Price – Minister
  • PublishedFebruary 22, 2024

To reduce its scarcity and soaring price, the federal government has announced the stoppage of the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas in the country.

Minister of State for Petroleum Resources, Ekperikpe Ekpo, made this known on Thursday.

Ekpo, who broke the news to reporters at the “Internal Stakeholders’ Workshop” in Abuja, said the ministry is constantly discussing the issue with critical stakeholders like the Nigerian Midstream and Downstream Petroleum Regulatory Authority and operators such as Mobil, Chevron, and Shell.

According to him, there will be more volume for the domestic market once there is a stoppage of the export of locally produced domestic gas, which will automatically reduce the price of the product.

His words: “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 a daily basis, and the producers such as Mobil, Chevron, and Shell. So there is hope that things will turn around. We don’t need to make noise about it.”

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