Ministers will investigate rising ticket prices after the price of tickets for Oasis concerts more than doubled during sales, the culture minister has confirmed.

Lisa Nandy said she found the inflated price of tickets “incredibly depressing”, with standard tickets on the Ticketmaster website having been increased from £148 to £355.

Prices rose under the mechanism of ‘dynamic pricing’, which means that the cost of tickets considered ‘in demand’ may be higher than initially advertised.

The government already had plans to overhaul the secondary ticket sales market and promised to take measures to prevent fans from being ‘ripped off’ by scammers.

Nandy said on Sunday: “After the incredible news of Oasis’ return, it’s depressing to see prices so high that ordinary fans don’t get the chance to see their favourite band live.

“This Government is determined to put fans back at the heart of music. That’s why we will include issues around transparency and the use of dynamic pricing, including the queuing technology that encourages this, in our forthcoming consultation on consumer protection for ticket resale.

“By working together with artists, the industry and fans, we can create a fairer system that ends the scourge of scams, rip-offs and reselling and ensures tickets are sold at fair prices.”

Labour pledged in its election manifesto earlier this year to introduce “new consumer protections” for the resale of tickets.

Oasis will play 17 shows in five cities in 2025, their first live performances since the band acrimoniously split in 2009. The tour was announced two days before the 30th anniversary of the release of their debut album Definitely Maybe.

Ticketmaster has said it does not set ticket prices. Its website says it is up to the “event organizer” to “price these tickets based on their market value.”

Ticket prices for Oasis gigs are believed to have been fixed by promoters, PA Media reported. The band’s promoters, SJM Concerts, MCD and DF Concerts & Events, have all been contacted for comment.

Fans have called on artists and bands to oppose the dynamic pricing model. One of those affected by dynamic pricing was Nandy’s government colleague and MP for North West England, Lucy Powell. She said she had paid double the original price for tickets.

She said she paid £350 each for two tickets at Heaton Park in Manchester. She told BBC Radio 5 Live: “Eventually (I) got through and bought a couple of tickets for more than I expected to pay.”

She added that she doesn’t “particularly” like peak pricing, but said: “It’s the market and how it works.

“You absolutely have to be transparent about that, so that people who have been waiting for hours understand that the ticket will cost more.”