Oladapo Olatunbosun, the association’s national president, disclosed this during the group’s visit to the minister of state petroleum resources (Gas), Ekperikpe Ekpo, in Abuja on Wednesday, June 5.
Olatunbosun revealed that the cost of the commodity has dropped from about N1,500 per kilogram to around N900/kg.
He added that marketers now buy a 20-metric-tonne container for N15 million, down from the previous price of N20 million, Punch reports.
Olatunbosun, in a statement issued by Louis Ibah, his media aide, credited the price drop to the federal government’s decision to ban the exportation of the product and mandate that all domestically produced LPG remain within the country.
He said the policy has reduced and stabilised the product’s price in the domestic market.
Olatunbosun was quoted as saying:
Reacting to the development, the minister of state for petroleum resources, Ekpo, reiterated President Bola Tinubu’s commitment to expanding gas usage across the country.
Ekpo praised the marketers for their cooperation in reducing prices to reflect current realities following the ban on LPG exports.
In a related story, a driver who drove a CNG-powered bus was seen at a filling station buying gas for the vehicle.
The man, seen at a NIPCO filling station, opted for CNG instead of the regular premium motor spirit.
Using CNG fuel could be cheaper, as a man posted another video showing him filling a car cylinder for only N1900.
Proofreading by James Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
