The federal government has said that it has no direct control over the rising prices of Liquefied Petroleum Gas, LPG, popularly called cooking gas, and cannot regulate it at will.
It, however, stated that it was making efforts to reduce the cost of the commodity and make it affordable for Nigerians ahead of the Yuletide.
The Minister of State for Petroleum Resources, Mr. Timipre Sylva, disclosed this at Abuja, after a meeting with President Muhammadu Buhari.
Speaking on the reasons for LPG price hike, the minister, who said that cooking gas is not subsidized, noted that it is already a deregulated commodity that cannot be determined by the government or by everybody in the industry as the prices are determined internationally.
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