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Federal Government has announced the removal of Value Added Tax (VAT) on diesel, cooking gas, among others. Minister of Finance and Coordinating Minister of the Economy, Wale Edun announced the development on Wednesday while unveiling two major fiscal incentives. According to a statement by the Director, Information and Public Relations at the Ministry of Finance, […]
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A recently conducted survey has revealed that the price of domestic cooking gas in Nigeria has crashed to its lowest in the last four months. Dealers attribute the reduction to a combination of government actions, including the removal of Value Added Tax (VAT) and import duty on cooking gas to boost local supplies as well […]
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A market survey has shown that the price of liquified natural gas (LPG), also known as cooking gas is beginning to drop as the value of the naira continues to appreciate. Households and other stakeholders had lamented the spiraling prices in February and March. However, a recent survey shows that some dealers have crashed the […]
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The Nigerian Association of Liquefied Petroleum Gas Marketers price of refilling 5kg and 12kg domestic cooking gas cylinders will increase in a couple of days. The marketers listed various reasons for the expected change in retail prices as Nigeria LNG continues to battle a 10-month-long supply issues. The development is expected to put severe pressure […]
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The board of directors of Nigeria Liquified Natural Gas has announced that its approval to suspend of the export of Liquified Petroleum Gas (LPG) It stated that 100% of the product (propane, butane) will henceforth, feed the Nigerian market. The board noted that it supplied the first cargo into the local market 3 months ago. PUNCH […]
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The Nigerian Association of Liquified Petroleum Gas Marketers say they will stop importing Liquified Petroleum Gas commonly known as cooking gas as price of the product rises. Reports say that the cost of importation has increased by 240% for every 12.5kg. This translates to an increase from N3,000 to N10,200 between January and October 2021. […]
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Marketers of Liquified Petroleum Gas (LPG) popularly known as cooking gas have warned that the price of the product may increase to N10,000 by December. Already, the price of the 12.5kg which used to sell for N3,500 a month ago is currently selling for between N7,500 and N8,000. Marketers are worried that the supply shortage […]
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