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Home Economy And Business

BREAKING: Cooking Gas Price Soars To All Time Record High Amid Scarcity

Energy experts have linked the price surge to a brief industrial action by members of PENGASSAN at the Dangote Refinery, which temporarily disrupted distribution nationwide.

by NewsOnline Nigeria
October 6, 2025
in Economy And Business, Headline
0
Cooking Gas Price

Cooking Gas Price has soarred to all time record high amid scarcity.

NewsOnline Nigeria reports that cooking gas prices have skyrocketed across Nigeria, sparking panic and frustration among households as scarcity grips major cities including Lagos and Abuja.

In Lagos, residents are now paying between ₦2,500 and ₦3,000 per kilogram, with a 12.5kg cylinder selling for as high as ₦26,000 in some areas like Amuwo Odofin. At Moshalashi in Idi-Oro, the same quantity costs about ₦21,600.

In Abuja, prices hover around ₦20,000 per 12.5kg, forcing many homes to cut consumption or turn to unsafe alternatives such as charcoal and kerosene.

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Many gas plants and filling stations have reportedly run out of stock, leaving only street vendors with limited supplies sold at inflated rates. Long queues have formed at the few stations still dispensing gas, as residents decry the worsening situation.

Energy experts have linked the price surge to a brief industrial action by members of PENGASSAN at the Dangote Refinery, which temporarily disrupted distribution nationwide.

“The disruption in supply has exposed how fragile Nigeria’s domestic gas network is,” said energy analyst Princewill Udo. “This calls for urgent government intervention to stabilize essential commodities.”

Analysts warn that if the scarcity persists, millions of Nigerians could be forced to rely on unsafe fuel alternatives—raising health and environmental concerns.

Meanwhile, the National Bureau of Statistics (NBS) had earlier reported a decline in cooking gas prices in August 2025, with a 12.5kg cylinder averaging ₦16,195. The current spike, however, completely reverses that trend, underscoring Nigeria’s volatile energy market.

Stay tuned for more updates on this developing story.

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