Cooking gas prices have surged over 60% in Nigeria since May 2026, forcing many families to abandon LPG and revert to firewood and charcoal. The worsening liquefied petroleum gas (LPG) crisis, driven by global energy tensions, has led to fresh depot price increases across the country.
LPG Prices Jump by Over 60%
Since early May 2026, the cost of cooking gas has climbed sharply. Market data shows LPG prices rose from around N1,100 per kilogram to over N2,400 in several locations. This sharp increase has pushed households to seek cheaper alternatives.
Global Oil Crisis Worsens Fears
Oil prices climbed further on June 11, 2026, after Iran announced the closure of the Strait of Hormuz following U.S. military strikes. Brent crude rose 1.40% to $94.40 per barrel, while WTI gained 1.58% to $91.45. Analysts warn that further escalation could push energy prices even higher.
Marketers Release Fresh Depot Rates
Latest data from PetroleumPriceNG shows depot operators adjusting prices upward. NAVGAS increased LPG by N105 to N1,380 per kg. A.Y.M Shafa raised its rate by N10 to N1,360. NIPCO Lagos maintained N1,380, while Techno Oil offers N1,250. These rates will influence retail prices in coming days.
Households Under Pressure
Financial analyst Osas Igho noted that the energy crisis is stretching household finances. He urged the government to consider temporary LPG subsidies to protect low-income families and prevent a return to polluting fuels.
The latest increase compounds existing challenges of rising food prices, transport costs, and electricity tariffs, raising fears that the cooking gas crisis may worsen.
