FG Cautions Cooking Gas Distributors Against Hoarding And Price Gouging

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Across Nigeria, households are feeling the pinch as cooking gas prices soar, so the federal government has stepped in to act.

Across Nigeria, households are feeling the pinch as cooking gas prices soar, so the federal government has stepped in to act.

Households Feel The Pinch Of Gas Prices Soar

Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, explained that LPG costs have jumped from ₦1,000–₦1,100 to as high as ₦1,500–₦1,800 per kilogram, worrying both families and businesses.

Because of this sharp rise, the government has urged distributors to act responsibly, avoid hoarding, and protect consumers from exploitation.

Government Steps Up Monitoring

To ensure compliance, the NMDPRA will closely monitor depots nationwide, actively preventing practices that could worsen the current supply shortage.

Read Also: EFCC Probes Duo Over Undeclared $6.18m, £53k At Lagos Airport

Ekpo traced the problem to a PENGASSAN strike at Dangote Refinery and maintenance at Nigeria LNG Train 4 facility, which temporarily reduced LPG availability.

These interruptions created a shortfall, and consequently, the gap between supply and demand pushed prices higher across many regions.

Supply Gradually Stabilises

However, hope is returning: Dangote Refinery has resumed loading, Seplat Energy’s Bonny Terminal operates again, and Nigeria LNG is gradually restoring production.

As supply stabilises, the minister expects prices to ease next week, offering much-needed relief to households nationwide.

Finally, Ekpo reassured Nigerians that the federal government remains committed to providing steady, affordable LPG for all families across the country.

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