Many Nigerian households are facing new economic pressure following a sudden increase in the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, with retail prices now reaching as high as ₦2,400 per kilogram in several parts of the country.
Cooking gas price today in Nigeria has deepened the cost-of-living crisis already affecting millions of Nigerians struggling with rising food prices, transportation costs, electricity challenges, and inflation. Across major cities including Lagos, Ibadan, Abuja, Ilorin, and Ogun State, consumers have expressed frustration over the persistent and unpredictable surge in gas prices.
Reports indicate that while some filling stations still dispense LPG between ₦1,500 and ₦1,800 per kilogram, neighborhood retailers and independent vendors now sell at significantly higher rates, with prices reaching ₦2,400 per kilogram in some locations.
For many families, the impact has become unbearable. Households are reportedly reducing cooking activities, avoiding meals that require longer preparation time, and in many cases returning to the use of charcoal and firewood despite the associated environmental and health risks.
Industry stakeholders have attributed the price increase to supply shortages, rising depot prices, logistics challenges, foreign exchange pressures, transportation costs, and unstable market conditions.
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) recently raised concerns over the worsening situation, warning that marketers are currently paying between ₦25.2 million and ₦26.2 million for 20 metric tonnes of LPG depending on location.
The association warned that the continued increase in prices could reverse years of progress made in promoting clean cooking energy adoption in Nigeria. According to the marketers, millions of low-income families and small businesses now struggle to afford cooking gas, while many food vendors are seeing shrinking profit margins due to rising operational costs.
Economic analysts say the development may further increase food inflation nationwide as businesses transfer rising energy costs to consumers.
Many Nigerians have called on the Federal Government, petroleum regulators, and stakeholders within the LPG value chain in regards to the Cooking gas price today in Nigeria that they should all urgently intervene by stabilizing supply, reducing distribution bottlenecks, improving domestic allocation, and implementing policies that will make cooking gas more affordable for citizens.
As inflation continues to squeeze household incomes, the latest rise in cooking gas prices has become yet another burden for ordinary Nigerians already battling one of the toughest economic periods in recent years.
