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Federal Government introduces measures to tackle soaring LPG prices in NigeriaNMDPRA reveals serious price disparities among wholesalers and retailers amid supply shortagesChevron’s LPG export raises concerns as Nigeria faces a significant supply deficit and market inefficiencies
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Federal Government has unveiled fresh measures aimed at reducing the soaring cost of cooking gas across Nigeria after retail prices climbed above N2,000 per kilogram in several cities, worsening the burden on millions of households.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said recent investigations showed that many liquefied petroleum gas (LPG) wholesalers and retailers are charging prices far above cost-reflective levels, despite significantly lower indicative prices issued by the regulator.
FG reveals reasons for cooking selling N2,100 per kg nationwide. Credit: NovatisSource: UGC
The revelation was made during an emergency stakeholders’ meeting convened by the Ministry
