In a bid to ease scarcity and reduce prices, the federal government on Thursdau February 23 2024 stopped the export of Liquefied Petroleum Gas (LPG), known as cooking gas, focusing on domestic production to lower costs
Minister of State for Petroleum Resources (Gas), EkperikpeEkpo disclosed 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
He said: “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.”
