Cooking Gas Prices Rise Across Nigeria

Cooking Gas Prices Rise Across Nigeria

Depot owners nationwide have raised the price of liquefied petroleum gas (LPG), commonly known as cooking gas, by around N100 per kilogramme.

This increase comes amid recent global crude oil price spikes linked to heightened tensions in the Middle East and stronger energy market volatility.

Checks at major storage terminals, including those in Lagos and other regions, showed the upward adjustments are already being applied by several depot operators.

The move is widely seen as a direct response to rising costs that affect supply chains from importation to distribution across the country.

Energy market analysts say turbulence in international crude prices — driven by geopolitical events involving the United States, Israel and Iran — has fed through into the cost of LPG and other energy products globally.

Such trends typically put upward pressure on domestic fuel and gas prices.

Consumers are expected to feel the impact at retail points, with households and small businesses likely to see higher bills for cooking and energy use.

Stakeholders are monitoring developments in both global oil markets and local supply conditions as these price changes take effect.