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Thu, Mar

FG Removes VAT On Cooking Gas

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As part of plans to ensure sanity in the Nation's Energy sector, the Federal Government of Nigeria on Thursday 30th May 2019 announced the removal of Value Added Tax (VAT) on liquefied petroleum gas (LPG), also called cooking gas. It has been established that the issues have raised concern to members of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM).

The President, Nigerian Association of Liquefied Petroleum Gas Marketers, Nosa Ogieva-Okunbor, on behalf of the Governing Council, expressed his profound gratitude to the Federal Government and all relevant government agencies for listening to the association’s plea for VAT removal from LPG sourced locally.

Ogieva-Okunbor commended the Department of Petroleum Resources (DPR) for the timely directive stopping the inappropriate and indiscriminate installation of skid plants in petrol stations. He noted that 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.

Ogieva-Okunbor appealed for a reduction on import duty on LPG equipment and accessories noting that the increased awareness of LPG usage has seen consumption in Nigeria growing from 50,000 metric tonnes (MT) in 2007 to over 600,000MT in 2018. He implores the federal and state governments to initiate a well-funded social welfare programme to expand usage of LPG.”

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