ICYMI: The Federal Government's ban on the export of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has led to a significant crash in domestic prices. According to Nigerian Association of Liquefied Petroleum Gas Marketers, the ban has changed the market dynamics, resulting in a decrease in prices that consumers can now benefit from. This development has brought relief to those who had abandoned the product due to its high cost, as the market has become more favorable for domestic consumption[1][2][3][4][5].
Citations:
[1] https://punchng.com/cooking-gas-export-ban-crashed-domestic-price-marketers/
[2] https://von.gov.ng/cooking-gas-export-ban-crashes-domestic-price-marketers/
[3] https://pmnewsnigeria.com/2024/06/06/dealers-excited-over-crash-in-price-of-cooking-gas/
[4] https://theelectricityhub.com/dropdown-we-are-seeing-a-crash-in-nigerias-cooking-gas-lpg-prices/
[5] https://www.legit.ng/business-economy/money/1596006-marketers-price-cooking-gas-fg-decision-crashes-price/