Nigerian Govt convenes emergency meeting over rising cooking gas prices
Officials said June LPG supply is expected to exceed demand if delivery and distribution improve, while regulators intensify surveillance against hoarding and diversion.
- The Federal Government ordered a clampdown on marketers hoarding or diverting Liquefied Petroleum Gas following price surges, with Minister of State for Petroleum Resources Ekperikpe Ekpo issuing the directive during an emergency stakeholders' meeting in Nigeria.
- Rising Liquefied Petroleum Gas prices stem from global supply disruptions and the Israel-Iran conflict, compounded by incomplete domestic production and inadequate distribution infrastructure, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority .
- Ekpo directed the NMDPRA to "intensify monitoring, publish market updates, investigate hoarding and diversion," while ordering depot owners to "publish loading schedules, disclose stock and evacuation levels."
- "Marketers have indicated readiness to increase imports where necessary," Chief Executive of the NMDPRA Rabiu Umar said, noting that expected supplies from new domestic facilities, including the Seplat Energy gas facility, will improve availability.
- Ongoing measures across the value chain should ease market pressures in the coming weeks, Umar stated, as Permanent Secretary of the Ministry of Petroleum Resources Patience Oyekunle emphasized that increasing Liquefied Petroleum Gas supply remains critical to Nigeria's clean cooking agenda.
18 Articles
18 Articles
Nigerian govt unveils measures to boost LPG supply, ease rising cooking gas prices
The federal government has outlined measures aimed at increasing the supply of Liquefied Petroleum Gas (LPG) and stabilising prices amid a recent surge in cooking gas costs across the country.
Nigerian Govt convenes emergency meeting over rising cooking gas prices
The Federal Government has convened an emergency stakeholders’ meeting to address the recent increase in Liquefied Petroleum Gas, LPG, prices and develop measures to improve supply, affordability and market stability. The meeting brought together government officials, regulators, producers, marketers, terminal operators and industry associations to examine factors driving rising LPG prices and agree on interventions across the value chain. Perma…
Nigeria’s cooking gas crisis
For many households, liquefied petroleum gas (LPG) promised a cleaner, safer alternative to firewood, charcoal and kerosene. That promise is fraying. A steep rise in the cost of refilling cylinders—reaching about N2,000 per kilogramme in some markets—has put LPG beyond the reach of millions already squeezed by inflation and falling real wages. Cooking fuel is […]
Nigeria moves to end cooking gas shortage, illegal exports
At the meeting, government officials assigned specific responsibilities to various stakeholders. Producers were directed to prioritize supplies for the local market, depot operators were asked to improve loading and evacuation processes, marketers and
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