The Federal Government of Nigeria has moved to address the rising cost of cooking gas by ordering the immediate suspension of Liquefied Petroleum Gas (LPG) exports.
The Minister of State Petroleum Resources, Ekperikpe Ekpo made this known during an Internal Stakeholders Workshop held in the Federal Capital Territory (FCT), Abuja.
Minister Ekpo clarified that the government’s decision aims to address the increasing price of gas and ensure the availability of this essential commodity within the domestic market.
He further revealed that there are ongoing engagements with key stakeholders in the sector, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority, as well as major industry players such as Mobil, Chevron, and Shell.
The price of cooking gas drastically shot up amid the economic hardship in Nigeria with kg going for 1,350 at present. These discussions, Ekpo said, are geared towards fostering stability and affordability of cooking gas in the local market.
The government’s intervention is to safeguard the interests of consumers and maintain equilibrium in the domestic energy market.
