Despite promises, the Federal Government has not yet removed Value Added Tax, VAT, from locally sourced Liquefied Petroleum Gas, LPG.

Investigations over the weekend, showed that VAT was still being charged, thereby affecting the pricing and demand for LPG in the country. Commenting on the development, Executive Secretary, Nigeria Association of LPG Marketers, NALPGAM, Mr. Bassey Essien, disclosed in an interview that the continued imposition of VAT on locally produced LPG has affected operations in Nigeria.

It would be recalled that recently, the Petroleum Products Marketing Company, PPMC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, had disclosed plans by the government to remove the VAT on LPG sourced locally.

Source: Vanguard