Nigerian households may soon face another increase in cooking gas prices, as industry players warn of rising costs across the supply chain.
Recent updates show that the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has already climbed to about ₦1,000 per kilogram in many retail outlets and this may not be the end.
What Is Driving the Increase?
Several factors are behind the rising cost:
1. Refinery Price Adjustment
The Dangote Petroleum Refinery recently increased its LPG price to about ₦825 per kg, up from ₦760 –₦800 just days earlier.
This change is already affecting market prices nationwide.
2. Rising Transportation Costs
Moving gas from depots to retail stations has become more expensive due to:
- Higher diesel prices
- Increased haulage and logistics charges
These added costs are passed down to consumers.
3. Global Crude Oil Prices
Cooking gas is produced from crude oil. As global oil prices rise:
- The cost of gas production increases
- Import prices go up
- Local prices follow the same trend
4. Nigeria’s Dependence on Imports
Although Nigeria produces gas, it still relies partly on imports. This makes local prices vulnerable to:
- Foreign exchange fluctuations
- International market changes
What This Means for Consumers
- You should expect higher cooking gas prices in the coming weeks
- Household expenses may increase further, especially with rising food and energy costs
- Many families may struggle to maintain or switch to cleaner cooking options
Why This Matters
The Federal Government has been encouraging Nigerians to switch to LPG as a cleaner alternative to firewood and kerosene. However, frequent price increases are making this transition difficult for many households.
What Could Change the Situation?
According to industry experts, prices may only stabilize if:
- Global crude oil prices drop, or
- Government introduces policies to reduce logistics and distribution costs
Consumer Tip
If you rely on cooking gas:
- Plan your refills ahead
- Monitor price changes in your area
- Explore safe ways to manage usage efficiently
Final Note
For now, consumers should prepare for continued price pressure, as both global and local factors continue to influence the cost of cooking gas in Nigeria.
