The price of cooking gas in Nigeria has risen sharply, with the ex‑depot rate increasing to N18 million per 20 metric tonnes and retail prices reaching about N1,400 per kilogramme, industry sources said, as tensions in the Middle East affect global energy markets.
The rise in cooking gas prices follows ongoing crises in the Middle East that have disrupted oil production and supply chains in the international market, contributing to higher petroleum product costs worldwide.
Industry checks showed that the ex‑depot price of liquefied petroleum gas (LPG), commonly known as cooking gas, climbed by about 13 per cent week‑on‑week to N18 million per 20 MT, up from N15.95 million the previous week.
This price level corresponds to approximately N1,400 per kilogramme, indicating a 40 per cent increase from N1,000 per kg recorded last week.
Visits to several gas stations in Lagos confirmed that cooking gas now sells for up to N1,400 per kilogramme in many locations. Some depots were reported to sell at even higher rates, with figures as high as N19 million per 20 MT, while other outlets sold at around N17.5 million per 20 MT, according to industry sources.
The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Inyang Edu, said the price increase was driven by limited supply in the international market linked to the crisis involving Iraq, Israel and the United States.
He said that even though Nigeria produces LPG domestically, international price hikes affect local prices in naira.
Edu noted that marketers who previously bought gas at N15.95 million or N16 million per 20 MT have had to adjust prices paid by retailers and consumers to remain in business.
He said supply remains relatively stable, though some depots were temporarily out of stock while awaiting incoming vessels.
The increase in cooking gas prices occurred alongside adjustments in other petroleum product prices.
Edu said that the recent rise in global crude oil prices to around $84 per barrel has prompted the Dangote Refinery to adjust ex‑depot pricing for petrol, diesel and cooking gas. The ex‑depot price of Premium Motor Spirit (petrol) reportedly rose to N875 per litre from N774.
Edu appealed to consumers and retailers not to direct their anger at gas plant owners, saying the price hike is driven by international market dynamics rather than local supply issues
