The Minister of State for Petroleum (Gas), Obongemem Ekpo has raised the hope of possible crash in the price of the Liquefied Petroleum Gas (LPG), otherwise known as cooking gas to affordable rate, in Nigeria.
Ekpo blamed the current high price of the product on exportation of the commodity outside the country.
The Minister gave the assurance at a forum with elders, stakeholders and youths in Abak Local Government Area of Akwa Ibom State.
He disclosed that modalities have already been worked out by the Federal Government to crash the price to a more acceptable rate.
While highlighting steps taken by his ministry to reduce gas cost and make the product more available, particularly to power generating companies, the former lawmaker noted that the Federal Government plans to end high cost of the product by increasing its in-country circulation.
“This can be achieved through the establishment of gas plants at various parts of the country, which is what the Ministry is currently working on and advocating for.
