The Federal Ministry of Petroleum Resources has convened an emergency stakeholders’ engagement, including the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC), and the Nigeria Police Force, to address Liquefied Petroleum Gas (LPG) hoarding and diversion to neighbouring countries.
A statement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday stated that the move followed the recent increase in LPG prices and developed coordinated measures to improve supply, affordability, and market stability across the country.
A statement by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday, stated that the meeting also brought together other key government officials, regulators, producers, marketers, terminal operators, and industry associations to examine factors contributing to rising LPG prices and agree on practical interventions to strengthen the value chain.
Speaking at the engagement, the Permanent Secretary, Ministry of Petroleum Resources, Patience Oyekunle, described LPG as a critical energy source for households and an important component of Nigeria’s energy transition agenda.
She noted that rising LPG prices are putting additional pressure on household budgets and increasing the cost of essential goods, stressing the need for collective action to improve access to affordable cooking gas.
While speaking at the meeting, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stated that President Bola Tinubu is concerned about the impact of rising LPG prices on Nigerians and has directed relevant agencies to take proactive steps to address the situation.
He emphasised that increased supply must be supported by efficient logistics, improved infrastructure, and transparent pricing mechanisms to ensure consumers benefit from interventions across the sector.
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On his part, the Authority Chief Executive of the NMDPRA, Mallam Rabiu Umar, noted that high landing costs continue to influence LPG prices but expressed optimism that ongoing measures across the value chain would begin to ease market pressures in the coming weeks.
He added that the Authority is working with producers and other stakeholders to increase domestic supply, strengthen market oversight, and support interventions that will improve availability.
In a presentation delivered by the Executive Director, Distribution Systems, Storage and Retailing Infrastructure (DSSRI), Ogbugo Ukoha, NMDPRA identified infrastructure gaps, domestic supply constraints, logistics challenges, market distortions, and global supply disruptions as major factors affecting LPG pricing.
The Authority also reported improvements following recent engagements with producers, suppliers, and terminal operators.
According to him, national LPG supply sufficiency increased from 11 days to 22 days, while average daily supply rose from 4,262 metric tonnes in May 2026 to 5,040 metric tonnes in June 2026.
Stakeholders across the LPG value chain pledged their support for government efforts while highlighting challenges affecting storage, transportation, distribution, and market efficiency.
Agreed measures include intensified market monitoring, improved enforcement against malpractice, expansion of storage and distribution infrastructure, increased domestic production, enhanced product tracking systems, improved access to market data, and stronger collaboration among industry players.
In his closing remarks, the Minister directed all stakeholders to take immediate steps to improve supply, eliminate inefficiencies, and protect consumers, noting that success would be measured by increased LPG availability, improved distribution efficiency, and reduced price pressures nationwide.
