Nigerian Govt convenes emergency meeting over rising cooking gas prices

The Federal Government has convened an exigency stakeholders’ gathering to code the caller summation successful Liquefied Petroleum Gas, LPG, prices and make measures to amended supply, affordability and marketplace stability.

The gathering brought unneurotic authorities officials, regulators, producers, marketers, terminal operators and manufacture associations to analyse factors driving rising LPG prices and hold connected interventions crossed the worth chain.

Permanent Secretary of the Ministry of Petroleum Resources, Patience Oyekunle, described LPG arsenic a captious vigor root for households and an important constituent of Nigeria’s vigor modulation agenda.Nigeria Investment Guide

According to her, the summation successful cooking state prices was placing further unit connected household budgets and raising the outgo of indispensable goods.

Meanwhile, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said President Bola Tinubu is acrophobic astir the interaction of rising LPG prices connected Nigerians.

Ekpo said the president had directed applicable agencies to instrumentality proactive measures to code the situation.

The curate further said that expanding proviso indispensable beryllium supported by businesslike logistics, improved infrastructure and transparent pricing mechanisms to guarantee consumers payment from secto...