FG orders clampdown on marketers hoarding, diverting LPG (opens original article in a new tab)

The Nigerian government has ordered a clampdown on LPG marketers hoarding or diverting gas, directing regulators to intensify surveillance, investigate market manipulation, and sanction violators. Key factors behind the price surge include global supply issues, domestic supply shortfalls, and pricing problems. The government is also pushing for improved supply, distribution, and transparency, alongside new domestic facilities and blending initiatives to boost availability and stabilize prices.

• Federal Government orders clampdown on LPG marketers hoarding or diverting gas
• NMDPRA and regulators to intensify surveillance, investigate hoarding, and sanction market manipulators
• Factors causing LPG price surge include global supply disruptions, domestic supply shortfalls, and pricing issues
• Government directs stakeholders to improve supply, distribution, and transparency to stabilize prices
• New domestic facilities and blending initiatives aim to boost LPG availability and reduce costs
• Security agencies to support regulators in preventing illegal activities