February 22, (THEWILL) – The Federal Government, on Thursday, stopped the exportation of Liquefied Petroleum Gas (LPG), also known as cooking gas, to reduce the scarcity and soaring price in the country.
Minister of State, Petroleum Resources, Ekperikpe Ekpo, disclosed this at an “Internal Stakeholders’ Workshop” in Abuja.
Asked what the government has done to control the rising cost of domestic gas, he said once there is a stoppage of the export of locally produced domestic gas, there will be more volume for the domestic market, which will automatically reduce the price of the product.
“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. 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 a 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.”
