The Federal Government has directed regulatory and security agencies to clamp down on the diversion, hoarding and illegal storage of Liquefied Petroleum Gas (LPG) as part of measures to stabilise prices and ensure adequate supply across the country.
Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas) , gave the directive on Monday in Abuja during an emergency stakeholder engagement convened to develop coordinated solutions to the recent increase in cooking gas prices.
Describing the rising cost of LPG as a matter of national concern with significant implications for households, small businesses and economic stability, Ekpo said the Federal Government remained committed to easing the burden on Nigerians.
He directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to strengthen market oversight, develop a robust pricing framework to guide the market, and sanction operators engaged in practices that distort the market.
Ekpo also urged the NMDPRA to collaborate with the
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