KEY POINTS
- Cooking gas prices have increased nationwide after Dangote Refinery and other suppliers raised LPG rates.
- Retail cooking gas prices now range between N1,200 and N1,250 per kilogramme in many locations.
- Analysts warn that rising LPG prices could force more Nigerians to return to firewood and charcoal for cooking.
Nigerian households are facing another increase in cooking gas prices following fresh adjustments in the cost of liquefied petroleum gas, LPG, by major suppliers and depot operators across the country.
The latest price hike comes amid continued volatility in the global crude oil market, which has placed additional pressure on local energy costs and worsened the burden on consumers already struggling with inflation and rising living expenses.
Market data from PetroleumPriceNG showed that several major suppliers, including Dangote Refinery, recently reviewed their LPG prices upward, triggering a ripple effect across the retail market nationwide.
Dangote Refinery increased its LPG price from N1,030 per kilogramme to N1,060 per kilogramme, marking another upward adjustment within a few weeks.
Industry observers said Dangote Refinery now plays a major role in determining LPG prices in Nigeria due to its growing position as one of the country’s largest suppliers.
Following the increase, several depot operators also released new price adjustments.
According to the latest market data, A.Y.M Shafa raised its LPG price to N1,160 per kilogramme, while Rainoil Lagos increased its price to N1,120 per kilogramme. NIPCO Lagos also adjusted its rate to N1,087.5 per kilogramme.
The revised depot prices have already pushed up retail costs in several parts of the country, with many consumers now buying cooking gas for between N1,200 and N1,250 per kilogramme compared to around N1,100 recorded the previous week.
Gasland, another major gas marketer, also increased its LPG price from N1,100 to N1,200 per kilogramme.
Dealers Blame Rising Costs On Market Conditions
Gas dealers attributed the latest increase to rising depot prices and higher transportation costs caused by expensive diesel and petrol.
A gas retailer in Lagos, Linus Mbah, explained that many marketers adjusted their prices shortly after Dangote Refinery announced its new rates.
“Dangote is one of the major suppliers in Nigeria now. So, anytime he hikes or reduces prices, consumers feel the impact almost immediately,” he said.
Dealers added that the increasing cost of transporting LPG products to various retail locations has also contributed significantly to the price surge.
Energy analysts warned that the continued rise in cooking gas prices could worsen economic pressure on low-income households that depend on LPG for daily cooking.
They cautioned that if prices continue to rise, many families may abandon cleaner cooking energy and return to alternatives such as firewood and charcoal, increasing environmental and health risks linked to indoor smoke pollution.
