The cost of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has jumped by 34.6% within a week, climbing from ₦12,750 to ₦17,500.
Market checks also reveal that one kilogram now sells between ₦1,350 and ₦1,500, depending on location.
The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Olatunbosun Oladapo, speaking to newsmen, linked the sudden spike to the recent industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
The strike, he explained, disrupted the LPG supply chain, particularly in the South-West, leading to shortages that drove up demand and prices.
“Gas supply is largely governed by demand and availability. Once supply is constrained, prices inevitably rise,” Oladapo noted.
He added that while Dangote remains the primary supplier of affordable LPG in Nigeria, the company has not released loading invoices for over three weeks, leaving many marketers stranded.
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In the meantime, marketers have been forced to purchase from alternative suppliers at significantly higher rates.
According to him, these competitors took advantage of the disruption to hike prices, while marketers, unwilling to leave their plants empty, had little choice but to buy at elevated costs.
Oladapo appealed to Dangote to expedite product distribution to more marketers, expressing optimism that prices would stabilize in the coming weeks once supply normalizes.
The development underscores Nigeria’s recurring energy supply challenges, where strikes, bottlenecks, and dependence on a limited number of suppliers expose households and businesses to volatile price swings.
Image Credit: Opinion Nigeria
