The Federal Government has banned the exportation of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to increase its volume domestically to trigger a crash in price.
Government stated this on Thursday, saying that LPG producers in Nigeria and key stakeholders in the industry had been told to stop exporting the commodity out of Nigeria, following the recent jump in the cost of cooking gas.
Market survey showed that the cost of refilling a 12.5kg cylinder of cooking gas in some states had skyrocketed to about N18,000.
But while speaking on the sidelines of the internal stakeholders’ workshop in Abuja on Thursday, Ekpo stated that the Federal Government had asked LPG producers to stop exporting the commodity.
He named some international oil companies including Mobil, Shell, and Chevron as producers, stressing that the government was interfacing with them to crash cooking gas prices.
RovingNaija News recalls that sometime last year, LPG dealers under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers had predicted that a 12.5kg cylinder would cost N18,000 going by the incessant hikes in its cost.
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