Business
FG halts cooking gas exports in efforts to lower prices
On Thursday, February 23, the federal government made a decisive move by halting the export of Liquefied Petroleum Gas (LPG), commonly referred to as cooking gas, in a bid to alleviate the scarcity and steep price surge within the country.
He said: “We are interacting with critical stakeholders to ensure that there is no exportation of LPG.
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“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.”
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