Following the relentless rises in price of cooking gas in Nigeria, the Minister of State for Petroleum, Ekperikpe Ekpo has revealed a move by the Federal Government to stop the exportation of Liquefied Petroleum Gas (LPG) out of the country by producers of the product.
Ekpo believed the new move would make cooking gas more available in supply and tame the soaring prices of the commodity in the country, adding that his ministry “does not need to make noise about” the move.
Ekpo
At the ‘Internal Stakeholders’ Workshop’ in Abuja on Thursday, the minister 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.
He disclosed that he had been meeting with the NMDPRA and the producers, such as Mobil, Chevron and Shell almost on a daily basis.
“So, there is that hope that things will turn around. We don’t need to make noise about it,” he assured.
