• Contact Us
  • About Us
Thursday, October 8, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Oil & Gas

NMDPRA Gets Order Towards Addressing  Rising Cost Of Cooking Gas

metro by metro
June 15, 2026
in Oil & Gas
0
NMDPRA Gets Order Towards Addressing  Rising Cost Of Cooking Gas
0
SHARES
0
VIEWS
The Federal Government said it has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to intensify engagement with gas producers, marketers, and other stakeholders to boost importation of Liquefied Petroleum Gas (LPG), also known as cooking gas, to sustain supply and enhance market stability nationwide.
The development was revealed in a statement by the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, made available to Channels Television on Monday.
According to the statement signed by the Minister’s Spokesman, Louis Ibah, the Minister said he had noted concerns expressed by Nigerians over the recent increase, and has reassured Nigerians that the FG remains fully committed to ensuring adequate, reliable, and affordable gas supply for households, industries, and power generation across the country.
“Marketers have committed to increasing import volumes to complement domestic production,” the statement read in part, adding that the commencement of LPG deliveries from the new Seplat gas facility in July will significantly boost national supply.
READ ALSO:Amid CBN’s Mop-Up Exercises Inflation Rises To 15.93 percent In May
The Minister also confirmed that no producer is exporting LPG volumes designated for the domestic market, as regulatory measures remain firmly in place to prioritise local needs.
“The outlook for LPG supply remains positive, and the Federal Government will continue to pursue measures that enhance availability, affordability, and long‑term energy security for Nigerian consumers,” the minister said.
Ekpo explained that the recent hike in prices of cooking gas in the domestic were driven largely by prevailing market realities such as foreign exchange volatility, rising logistics costs, infrastructure constraints, and fluctuations in international LPG prices.
The Minister stated that the price-influencing factors should not be misinterpreted as evidence of policy failure.
According to him, this commitment is reflected in ongoing interventions designed to stabilise the domestic LPG market, including the Minister’s directive that all LPG produced in Nigeria be prioritised for local consumption.
“This policy has already strengthened domestic supply, reduced dependence on imports, and improved market resilience,” he stated.
The development followed a report by the National Bureau of Statistics (NBS),  that the average price of 5kg of cooking gas increased from N7,655.73 recorded in March to N8,706.93 in April.
The NBS said in its Cooking Gas Price Watch for April released in Abuja, that the April price represented a 13.73  per cent increase, compared to what was obtained in March.
According to the report, average price of 5kg of cooking gas increased on a year-on-year basis by 10.42 per cent from N7,855.60 recorded in April 2025.
It also said that the average retail price for
refilling a 12.5kg cooking gas increased by 13.89  per cent on a month-on-month basis from N19,652.83 in March 2026 to N22,382.20 in April 2026.
“While on a year-on-year basis, the average retail price for 12.5kg cooking gas increased by 10.43 per cent  from N20,268.06 in April 2025.”

Read Also

Oil Rises Slightly Ahead of Potential US-Iran Talks

Oil Prices Slide To 11-day Low On Hopes of US-Iran Diplomacy, Saudi Exports

Oil prices Fall 2% On Hopes Of Limited Saudi Supply Disruptions

Previous Post

Amid CBN’s Mop-Up Exercises Inflation Rises To 15.93 percent In May

Next Post

Over 400,000 Chadians Return from Sudan, IOM Urges Stronger Support

Related Posts

Nigeria Records Increase In Crude Oil Production-OPEC Report
Oil & Gas

Oil Rises Slightly Ahead of Potential US-Iran Talks

September 22, 2026
refinery
Oil & Gas

Oil Prices Slide To 11-day Low On Hopes of US-Iran Diplomacy, Saudi Exports

September 21, 2026
Ogoniland oil spill
Oil & Gas

Oil prices Fall 2% On Hopes Of Limited Saudi Supply Disruptions

September 18, 2026
Anger As Fuel Consumption Drops From 64.9m To N52m Daily After Subsidy Removal
Oil & Gas

NNPCL Increases Fuel Price By N85/litre As Dangote Blames Smuggling For high Petrol Prices

September 16, 2026
Next Post

Over 400,000 Chadians Return from Sudan, IOM Urges Stronger Support

Half Of Americans Fear AI Could Put Someone In Household Out Of Work

AI Lifts Samsung Q3 Profit Nearly Nine-Fold

October 8, 2026
Dozens Of Soldiers, Militants, Miners Killed In Nigeria’s Northeastern Borno

Dozens Of Soldiers, Militants, Miners Killed In Nigeria’s Northeastern Borno

October 8, 2026
African Union Launches Continent’s First Credit Rating Agency

African Union Launches Continent’s First Credit Rating Agency

October 8, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version