Nigeria's LPG export ban in February 2024 lowered domestic cooking gas prices from N1,500/kg to N900/kg.
Nigeria's government ban on LPG export has led to a domestic price decrease, with cooking gas prices falling from around N1,500/kg to N900/kg. The ban, implemented in February 2024, aims to increase domestic LPG volume, decrease prices, and encourage local consumption, reducing the need for imports. The National President of Nigeria Association of Liquefied Petroleum Gas Marketers (NALPGAM), Oladapo Olatunbosun, praised the policy's stabilizing impact on prices.
June 06, 2024
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