FG rolls out measures to curb LPG price surge, boost supply nationwide
FG convened an emergency stakeholders’ meeting via the Federal Ministry of Petroleum Resources to address the recent surge in Liquefied Petroleum Gas (LPG) prices and improve nationwide supply. The NMDPRA said LPG prices rose to about ₦2,000 per kilogramme in Lagos and over ₦1,600 in parts of Abuja, up from roughly ₦1,200/kg weeks ago, intensifying cost‑of‑living pressures. The meeting brought together government officials, regulators, producers, marketers, terminal operators and industry associations to identify factors such as infrastructure gaps, domestic supply constraints, logistics challenges, market distortions and global disruptions, and to agree on practical interventions.
Following the meeting, national LPG supply sufficiency rose from 11 days to 22 days, and average daily supply increased from 4,262 metric tonnes in May 2026 to 5,040 metric tonnes in June 2026. Agreed measures include intensified market monitoring, stricter enforcement against malpractice, expansion of storage and distribution infrastructure, increased domestic production, improved product‑tracking systems, enhanced access to market data and stronger collaboration among industry players. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said President Bola Tinubu directed agencies to act urgently, stressing that efficient logistics, transparent pricing and improved infrastructure are essential for consumers to benefit.
Stakeholders pledged support while noting remaining challenges in storage, transportation and distribution. Ekpo urged immediate steps to eliminate inefficiencies and protect consumers, with success measured by greater LPG availability, smoother distribution and lower price pressures nationwide.