The Federal Government has announced the provision of new tax reliefs for deep offshore oil and gas production to boost investments in the sector. It also announced that the importation of key energy products and infrastructure, including diesel, feed gas, Liquefied Petroleum Gas, Compressed Natural Gas, electric vehicles, Liquefied Natural Gas infrastructure, and clean cooking equipment would no longer require …

The average price of 5kg of Liquified Natural Gas, LNG, also known as cooking gas, increased by 8.70 per cent to N4,962.87 in December 2023 from N4,565.56 in December 2022. The National Bureau of Statistics, NBS, disclosed this in its latest LPG price watch for December 2023. According to NBS, on a state-by-state analysis, Adamawa, Jigawa, and Ogun states recorded …

Despite the federal government’s policy to reduce the price of Liquified Petroleum Gas (LPG), also known as cooking gas, the price has continued to increase even during the yuletide season. An economist, Dr Ayo Anthony, told the News Agency of Nigeria (NAN) in Abuja that it takes time for government policies to impact the economy. The federal government announced the …

Nigeria Liquified Natural Gas, (NLNG) Ltd., says the shortage of Foreign Exchange (FX), Federal Government’s import and Value Added Tax (VAT) are responsible for the rising cost of cooking gas in Nigeria. The Managing Director and Chief Executive of NLNG, Dr Philip Mshelbila, said this on the sidelines of the ongoing African Investment Forum (AIF) in Marrakesh, Morocco on Friday. The …

Cooking gas, also known as Liquefied Petroleum Gas (LPG), is currently experiencing scarcity in Lagos and several other states in Nigeria. Other affected states include Katsina, Sokoto, Delta, Kaduna, and Kano, according to findings by newsmen. Since late last month, the price of cooking gas has been continuously rising, causing scarcity and price increases. In October alone, gas terminal owners …

The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N4,072.87 recorded in July to N4,115.32 in August 2023. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for August 2023 released on Monday in Abuja. The report said the August 2023 price represented a 1.04 per cent increase, compared to what …

The Corps Marshal, Federal Road Safety Corps (FRSC), Dauda Biu has cautioned against the conveyance of explosive materials like gas cylinders in passenger vehicles. In a statement by the Corps Public Education Officer, Assistant Corps Marshal Bisi Kazeem on Saturday in Abuja, Biu also warned drivers against excessive speed to avoid crashes while on the road. The Corps Marshal said …