FG Bans Cooking Gas Export To Crash Price

The Federal Government has banned the exportation of Liquefied Petroleum Gas, popularly called cooking gas, in order to increase its volume domestically to warrant a crash in price.

It said on Thursday that LPG producers in Nigeria and major 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.

Findings showed that the cost of refilling a 12.5kg cylinder of cooking gas in Abuja, Lagos, Kano and some other states had climbed to about N18,000. It was specifically N17,500 in Abuja on Thursday, a product that sold for less than N9,000 in November last year.

While speaking on the sidelines of the internal stakeholders’ workshop in Abuja on Thursday, Ekpo said 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, maintaining that the government was interfacing with them to crash cooking gas prices.