Nigeria orders clampdown on LPG hoarding amid price surge

The Federal Government has directed regulators to crack down on hoarding and diversion of Liquefied Petroleum Gas. The move follows a surge in cooking gas prices and an emergency stakeholders meeting held on June 22, 2026.

Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo issued the directive at the meeting in Abuja. He instructed the Nigerian Midstream and Downstream Petroleum Regulatory Authority and other bodies to intensify surveillance, investigate manipulation and sanction offenders.

NMDPRA Chief Executive Rabiu Umar said the authority would issue import permits to close a projected 165,000-metric-tonne supply gap in the third quarter of 2026. Supply sufficiency has already improved from 11 days to 22 days after recent import arrivals.

Umar added that daily supply reached 5,040 metric tonnes as of June 19. Anoh Gas is scheduled to begin deliveries of 50 metric tonnes per day from July 2026.

The authority plans to audit off-takers, deploy tracking technology and support infrastructure expansion. Ekpo said the government remains committed to prioritising domestic LPG for local consumption.

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South Korean officials announce expanded 25% tax cuts on LPG butane amid Middle East crisis.
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Government to expand LPG butane tax cuts to 25 percent next month

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The South Korean government announced on Thursday it will expand tax cuts on liquefied petroleum gas butane products from 10 percent to 25 percent starting next month through June. The measure aims to mitigate the domestic impact of international price surges due to the Middle Eastern crisis. The Fair Trade Commission plans stronger penalties for repeated collusion cases.

The government has doubled the daily quota of 5-kg LPG cylinders for migrant workers amid supply disruptions linked to tensions around the Strait of Hormuz. The Ministry of Petroleum and Natural Gas aims to stabilise fuel supplies with this move. Joint Secretary Sujata Sharma announced the decision via a letter dated April 6.

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The Centre has raised commercial LPG allocation to states and union territories to 70% of pre-crisis levels, prioritising steel, automobiles, textiles and chemicals industries. The move comes amid supply disruptions from the West Asia war's closure of the Strait of Hormuz, enabled by higher domestic production and imports from outside the region.

Commercial LPG cylinder prices were raised in Delhi and Kolkata effective June 1, while domestic LPG rates for households remained unchanged.

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A total of 425 out of 14,485 gas stations nationwide were temporarily closed as of March 27 due to the fuel crisis triggered by the Iran war, according to the Philippine National Police. The Cordillera Administrative Region recorded the highest number at 79, while President Ferdinand Marcos Jr. declared a national energy emergency.

Treasury Cabinet Secretary John Mbadi has assured Kenyans that fuel supplies are secure despite global price fluctuations. He stated Kenya holds 16 days of petrol, 19 days of diesel, and 49 days of kerosene, with 290,000 metric tonnes more arriving soon. Mbadi warned against panic buying and fuel hoarding.

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The Kenya Transporters Association has urged the Ministry of Energy to urgently tackle ongoing fuel shortages ahead of the next price review scheduled for May 14, 2026.

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