Yakubu said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Lagos, against the backdrop of reduction in price of Liquefied Petroleum Gas (LPG) in Nigeria.
According to the U.S. Energy Information Administration, the current price of natural gas dropped by 76.1 per cent to 2.10 per one million dollars British Thermal Units (BTU) on May 31 from 8.78 per one million dollars BTU.
Yakubu said that the price of LPG dropped because the international reference price in USD had dropped, amidst relatively stable Naira exchange rate.
