The price of Liquefied Petroleum Gas, popularly known as Cooking Gas has dropped from ₦1500 per kilogram to around ₦900 per kilogram.
This was disclosed during the Nigeria Association of Liquefied Petroleum Gas Marketers (NALPGM) visit to the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in Abuja on Wednesday.
It was discussed that the decrease in price of Gas was as a result of Federal Government ban of exportation of LPG in order to increase the domestic volume of the Gas.
At the meeting, the National President, NALPGAM, Oladapo Olatunbosun, commended Ekpo for the courage in ordering the domestication of all LPG produced within the country, stressing that the policy resulted in the reduction and stabilisation of the product’s price in the domestic market.
Olatunbosun, in a statement issued by the minister’s media aide, Louis Ibah, recalled that during a stakeholders consultative forum in Abuja in February this year, the association had drawn the minister’s attention to the fact that some international oil companies operating in Nigeria had been exporting huge volumes of gas.
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