The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) Thursday commended the federal government for the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG).

The group President, Mr Nosa Ogieva-Okunbor, in a statement, said the federal government had signed the approval of VAT removal on LPG and gazetted same.

According to him, clamour for VAT removal from domestically produced LPG otherwise known as cooking gas has been of perennial concern to members of the association.

“We express our profound gratitude and thanks to the federal government and all relevant government agencies for listening to our plea to remove VAT from LPG products sourced locally.

“We also want to use this opportunity to thank and appreciate the Department of Petroleum Resources (DPR) for the timely directive stopping the inappropriate and indiscriminate installation of LPG skid plants in petrol stations,” Ogieva-Okunbor said.

He said the directive that all skid plants in filling stations be dismantled and removed was apt considering the huge danger and risk to the public in the operations of LPG skid plants in filling stations.

He, however, appealed for proper and thorough implementation of the directive across the country.

The marketers’ leader also pleaded with the government to create a more conducive and enabling environment for investors in the industry particularly now that deepening the consumption of LPG in the country had become a major interest of the government.

He said marketers were also geared toward ensuring the success of the programme by complementing the efforts of the government.

According to him, “We, therefore, appeal for a reduction on import duty on LPG equipment and accessories.

“The increased awareness of LPG usage has seen consumption in Nigeria growing from 50,000MT in 2007 to over 600,000MT in 2018 with more indigenous investments in LPG bottling plants.

“This will further ensure that majority of Nigerians enjoy the convenience of the proximity of LPG refill or exchange points.

“We implore the federal and state governments to initiate a well-funded social welfare programme to expand usage of LPG.


SOURCE: https://brandspurng.com/2019/05/17/cooking-gas-marketers-applaud-fg-on-vat-removal/

That's good steps from federal government

Kudos to Fg

Is it now free for the consumer?

legendarymega:
Pls don't fall for the BET9JA guy,he is a scam
090-14-94-68-26. He wilp collect ur money, and bridge ur agreemen

Victim?

F.G has done their part but the most evil among them are the marketer. Hope they will not use these as an opportunity to milk the masses

Ok

Please someone should explain, Biko. Does this imply that, the price per KG which is 300 and 5 KG which is 1500 will reduce?

I don't understand why gas would be exempted from VAT but we still pay VAT for food which is more essential.

That's a good step in a good direction. At the same time, government should ensure that the accessories are affordable. Making them affordable will ensure that rural dwellers can be able to afford them. This will on the other hand, help preserve our depleting forests.

Some countries are even subsidizing LPG.

legendarymega:
Pls don't fall for the BET9JA guy,he is a scam
090-14-94-68-26. He wilp collect ur money, and bridge ur agreemen

Greed have dealt with this one.

I guess this is why the price of cooking gas fell this week from 3900 to 3500 for a 12.5kg gas refill.

so will this further reduce the cost of refilling gas in nigeria? it had better o

Wetin dey happen like this?

Shukusheka:
I don't understand why gas would be exempted from VAT but we still pay VAT for food which is more essential.

Because more people should be able to use gas for cooking, saving the forests, less pollution.

Bye to Saraki and welcome to the era of good news.

...

How I use to love cars. When my mother gave me electricity money to go I and pay. I use it to play bet in hope it double for my car.

I was sitting on the varanda when the car arrived. It's was Nepa, van.they came for the light. I won't tell you what happenedd between me and my mother later on. It's confidencial.

Ok

The guy above me are you using MTN

Adakintroy:
How I use to love cars. When my mother gave me electricity money to go and pay. I use it to pay car winning lottery.

I was sitting at the varna when the car arrived. It's was Nepa, they came for the light. I won't tell you what happeed between me and my mother later on. It's confidencial.

What gibberish are you typing?

Brightology2:
Please someone should explain, Biko. Does this imply that, the price per KG which is 300 and 5 KG which is 1500 will reduce?

This means there should be a 5% drop in price of gas per KG. If you buy gas at N300 per kg before, it should drop to N285 now.

But we both know price only increases in Nigeria it never drops.

So will it bring down the price?

doreto:
I guess this is why the price of cooking gas fell this week from 3900 to 3500 for a 12.5kg gas refill.

fell? Its always between N3600 - N3800