The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has ordered a clampdown on marketers hoarding or exploiting consumers following the recent surge in the price of Liquefied Petroleum Gas, popularly known as cooking gas. This was disclosed in a statement signed by the minister’s spokesman, Louis Ibah, on Monday. Recalls that the prices…
Dangote Refinery has reduced its ex-depot price for Liquefied Petroleum Gas (LPG), commonly known as cooking gas, by ₦50. GISTSMATE MEDIA reports that Dangote lowered its price from ₦810 per kilogram, which was obtainable last week, to a current price of ₦760 per kilogram. A market comparison shows that both Matrix and Ardova depots have…
The cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has surged sharply across several Nigerian cities, including Lagos, Ogun, and Ibadan, following a nationwide shortage. The scarcity was triggered by a three-day strike by oil workers, which disrupted gas supply and distribution across the country. Prices have also spiked in other states…
The Nigeria Customs Service (NCS) has announced the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) also known as cooking gas, and the Compressed Natural Gas (CNG). It also announced zero per cent import duty for the products. Its National Public Relations Officer, Mr. Abdullahi Maiwada broke the news in a press…
Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas), has directed the Nigerian National Petroleum Company Ltd. (NNPC Ltd.) and Liquefied Petroleum Gas (LPG) producers to stop LPG export with effect from November 1. Mr Ekpo issued the directive on Tuesday in Abuja at a meeting with stakeholders to address the skyrocketing price and its attendant…
The House of Representatives has waded into the increase in the pump price of petroleum products. Moved by the Deputy Minority Leader, Aliyu Madaki and sponsored by 111 members of the house, the house called for the immediate reversal of the price increase in petrol and cooking gas. The lawmakers said they feared that the…
As Nigerians grapple with rising fuel costs, Liquefied Petroleum Gas (LPG), commonly used for cooking, has reached an unprecedented N1,500 per kilogram. This surge has increased the average price for a 12.5kg cylinder to N17,000 in Abuja, up 41.6% since July, when it cost around N12,000. In Ogun and Lagos, retail prices range from N1,300…
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in collaboration with the Decade of Gas Initiative, on Monday, flagged off the distribution of free cooking gas cylinders to approximately 300 women in Lagos State. Speaking at the event held in Ikeja, Ekpo maintained that the distribution of cylinders is part of the government’s…