✓ Federal Government bans LPG exportation to tackle rising prices.
✓ Minister announces directive on February 22, 2024, in Abuja.
✓Aims to increase domestic availability by domesticating LPG production.
✓ Collaboration with stakeholders to stabilize prices.
✓Current 12.5kg cylinder price: ₦16,875 in Lagos, ₦18,000 in other states (as of February 21, 2024).
PULSE NG
In a bid to address the rising price of Liquefied Petroleum Gas (LPG) better known as cooking gas, the Federal Government has banned the exportation of the product to increase its availability in the country.
The FG on Thursday, February 22, 2024, directed LPG producers in Nigeria and key stakeholders to stop exporting the commodity out of the country.
The directive followed the recent increase in the price of the product.
Announcing the development, the Minister of State, Petroleum Resources, Ekperikpe Ekpo, while speaking at the “Internal Stakeholders’ Workshop,” in Abuja said all LPG produced in the country now has to be domesticated.
