FG Holds Emergency Meeting to Tackle Rising LPG Prices

On [date not specified], the Nigerian Federal Government convened an emergency stakeholder meeting in Abuja to address the rising prices of liquefied petroleum gas (LPG), attributed to diversion, hoarding, and other market malpractices. The meeting included key security agencies such as the Department of State Services (DSS), Economic and Financial Crimes Commission (EFCC), and the Nigerian Police Force.

Minister of State for Petroleum Resources, Ekperikpe Ekpo, emphasized the government's commitment to ensuring affordable cooking gas prices and improving access to cleaner energy. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) announced plans to mitigate supply shortfalls projected at 165,000 metric tons by the third quarter of 2026.

Ekpo directed NMDPRA to intensify market surveillance and collaborate with security agencies to eliminate artificial scarcity and discourage hoarding. The meeting concluded with instructions for depot owners to publish clear loading schedules and ensure timely product delivery to consumers.