Nigerian government holds emergency meeting amid rising cooking gas prices

The Federal Government has called an emergency meeting with stakeholders to tackle the recent rise in Liquefied Petroleum Gas (LPG) prices and to devise strategies that will enhance supply, affordability, and market stability.

The session brought together government officials, regulators, producers, marketers, terminal operators, and industry associations to analyze the factors driving higher LPG prices and to agree on interventions across the entire value chain.

Patience Oyekunle, Permanent Secretary of the Ministry of Petroleum Resources, described LPG as a vital energy source for households and a key element of Nigeria’s energy transition agenda. She noted that the price increase is putting additional strain on household budgets and inflating the cost of essential goods.

Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), said that President Bola Tinubu is deeply concerned about the impact of rising LPG prices on Nigerians. He added that the president has instructed relevant agencies to take proactive measures to address the situation.

Ekpo emphasized that boosting supply must be paired with efficient logistics, improved infrastructure, and transparent pricing mechanisms to ensure consumers benefit from sector-wide interventions.

Rabiu Umar, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), explained that high landing costs continue to affect LPG prices. However, he expressed optimism that ongoing measures across the value chain will begin to ease market pressures in the coming weeks.

Umar stated that the authority is collaborating with producers and other stakeholders to increase domestic supply, strengthen market oversight, and improve product availability.