Federal authorities are seeking coordinated measures to tackle LPG hoarding, diversion and rising cooking gas prices.
The Federal Ministry of Petroleum Resources has convened an emergency stakeholders’ meeting involving the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC), the Nigeria Police Force and key industry players to address cooking gas hoarding and diversion.
According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the meeting followed recent increases in Liquefied Petroleum Gas (LPG) prices and focused on developing coordinated measures to improve supply, affordability and market stability.
Participants examined factors contributing to rising prices and discussed interventions aimed at strengthening the LPG value chain. The engagement brought together regulators, producers, marketers, terminal operators and industry associations.
Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, directed regulators and security agencies to intensify efforts against hoarding, diversion, speculative storage and other practices believed to be contributing to higher prices.
Government officials said producers would be encouraged to prioritise domestic supply while regulators strengthen market surveillance to discourage artificial scarcity and improve transparency across the distribution chain.
The meeting ended with a renewed commitment by stakeholders to improve availability and stabilise prices for consumers across the country.