CurrentReport Blog In a recent development aimed at curbing the soaring prices of cooking gas in the country, the Federal Government has taken decisive action. Minister of State for Petroleum Resources, Ekperikpe Ekpo, announced the suspension of cooking gas exportation during the ‘Internal Stakeholders’ Workshop’ in Abuja, centered on ‘Harnessing Nigeria’s Proven Gas Reserves for Economic Growth and Development.’
Ekpo emphasized the critical need to prioritize domestic consumption of Liquefied Petroleum Gas (LPG), commonly known as cooking gas. He affirmed, “We are interacting with critical stakeholders to ensure that there is no exportation of LPG.” This strategic shift intends to alleviate scarcity and mitigate the steep price surge experienced domestically.
Acknowledging the collaboration with key industry players such as Mobil, Chevron, Shell, and regulatory bodies like NMDPRA, Ekpo highlighted ongoing efforts to address the crisis.
He underscored the potential for increased domestic production to stabilize prices, stating, “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.”
Ekpo’s remarks signal a concerted government approach to tackle the pressing issue of cooking gas affordability. By focusing on bolstering domestic supply, the government aims to enhance accessibility and affordability for consumers nationwide.
