COOKING GAS MARKETERS PLAN MASSIVE IMPORTS AMID 140% PRICE SURGE

Liquefied Petroleum Gas (LPG) marketers have announced plans to ramp up imports following a sharp 140 percent increase in cooking gas prices across the country.

Industry operators said the decision is aimed at stabilizing supply and addressing shortages that have driven up retail prices in recent weeks, putting pressure on households and small businesses that rely heavily on LPG.

According to marketers, the price surge has been influenced by supply constraints, foreign exchange fluctuations, and increased global energy market pressures.

They explained that the planned importation would help bridge supply gaps and ease pressure on the domestic market if properly coordinated with relevant regulatory authorities.

Stakeholders in the downstream petroleum sector have called for improved infrastructure, better distribution networks, and more stable policy frameworks to prevent recurring price volatility.

Consumers have continued to express concern over the rising cost of cooking gas, urging government intervention to stabilize prices and ensure affordability.

Industry players maintain that sustained imports, alongside local production support, may help restore balance in the market in the coming weeks.

The development comes amid broader discussions on energy security and the need to strengthen Nigeria’s domestic gas value chain.