‘Why Cooking Gas Price Won’t Crash Despite Export Ban’

‘Why Cooking Gas Price Won’t Crash Despite Export Ban’ …C0NTINUE READING HERE >>>

Despite the November 1, 2024, implementation of a ban on Liquefied Petroleum Gas (LPG) exports, Nigerians may not witness a substantial decrease in cooking gas prices, experts say.

The ban, aimed at stabilizing prices and boosting local availability, requires domestic producers, including the Nigerian National Petroleum Company Limited (NNPCL), to halt LPG exports or import equivalent volumes at cost-reflective prices.

The Minister of State for Petroleum Resources (Gas), Ekperikpe…

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