Nigerian Cooking Gas Prices Surge Amid Supply Shortages
Revealed: Why cooking gas prices are on the rise again
Image: Legit Nigeria
Cooking gas prices in Nigeria have soared to as high as N1,600 per kilogram due to severe supply shortages, forcing many households to revert to charcoal and firewood. The situation is exacerbated by disruptions in supply chains, rising operational costs, and the volatility of global crude oil prices, significantly impacting the budgets of Nigerian families.
- 01Cooking gas prices have increased to between N1,400 and N1,600 per kilogram across Nigeria due to supply disruptions.
- 02Major operators like Dangote Refinery and NAVGAS have raised their ex-gantry prices, with Dangote now at N1,120 per kilogram.
- 03The rise in prices occurs despite a slight decline in global crude oil prices, which are around $103.5 per barrel.
- 04Limited supply availability at many depots has led to significant slowdowns in loading activities.
- 05Many families are returning to using charcoal and firewood for cooking, raising concerns about environmental impacts and health risks.
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Cooking gas prices in Nigeria have surged to record highs, reaching N1,600 per kilogram amid ongoing supply shortages. The increase has forced many households to abandon Liquefied Petroleum Gas (LPG) in favor of traditional cooking methods like charcoal and firewood. This shift is particularly challenging for low-income families, as the cost of refilling a standard 12.5kg cylinder now approaches N20,000. The price hikes are attributed to supply disruptions at major depots, which have been exacerbated by rising operational costs and volatility in global crude oil prices. Despite a recent decline in crude oil prices, local LPG prices remain high due to persistent market instability and foreign exchange pressures. Major operators, including Dangote Refinery and NAVGAS, have adjusted their prices upwards, further straining household budgets already affected by inflation. As supply chains tighten and the situation worsens, there are fears that cooking gas may soon become unaffordable for millions of Nigerians, leading to increased reliance on less environmentally friendly fuels.
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The rising cost of cooking gas is forcing many Nigerian families to revert to traditional cooking methods, which could lead to increased health risks and environmental concerns.
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