The Federal Government has initiated a process to resolve challenges bordering on the supply and pricing of liquefied petroleum gas in the country’s domestic market, better known as cooking gas.

In a statement by Louis Ibah, the spokesman for the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, said the ministry waded into the issue following a rise in the price of LPG per kilogram from about N700 to above N1,100 in some parts of the country.

He said the meeting, which was called by the minister, had major private and government stakeholders in attendance.

Ekpo expressed the concerns of President Bola Tinubu over the astronomical increase in the price of cooking gas and the attendant hardship for the majority of citizens.

The minister, who noted that Nigeria is abundantly endowed with gas reserves, said the situation where some of the multinational firms were more concerned with gas exports without dedicating huge volumes to the domestic market was unacceptable and should be discouraged.