The federal government has again mandated domestic producers of Liquefied Petroleum Gas (LPG), also known as cooking gas, to stop exporting the commodity.
The measure is aimed to mitigate the price of cooking gas that has been soaring steadily.
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, who gave the order in Abuja on Tuesday said: “Short Term Solution: With effect from November 1, 2024, NNPCL and LPG producers are to stop exporting LPG produced in-country, or import equivalent volumes of LPG exported at cost reflective prices.”
Ekpo had convened a meeting in Abuja with stakeholders to address the skyrocketing price and its attendant hardship on Nigerians.
This was contained in a statement by spokesman of the minister, Louis Ibah.
In terms of the pricing framework, he directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to meet with stakeholders to devise the pricing framework within 90 days.