FG: Escalation in Cooking Gas Prices Caused by FX Volatility, Logistics Costs, Others

• Insists current situation not as a result of failed govt policy

•Nigeria’s daily gas output rises to 7.93bcf, domestic sales hit 2.18bcf/d

Emmanuel Addeh in Abuja

The federal government has attributed the recent increase in the price of cooking gas across the country to foreign exchange volatility, rising logistics, transportation costs, as well as other supply chain challenges, rather than failure of government policy.

Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, in a statement in Abuja signed by his spokesman, Louis Ibah,while noting the concerns expressed by Nigerians over the recent increase in the price of Liquefied Petroleum Gas (LPG), further blamed infrastructure constraints and fluctuations in international prices for the skyrocketing prices.