The cost of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has skyrocketed to record highs in Lagos, putting immense pressure on households and small businesses as the Federal Government launches a crackdown on suspected hoarders.
As of Monday, a kilogram of cooking gas sold for between ₦2,500 and ₦3,000 across different parts of the state — a sharp rise from about ₦1,000 per kg recorded in August. In areas like Amuwo Odofin and Surulere, refilling a 12.5kg cylinder now costs over ₦25,000, according to market surveys.
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, through his spokesperson Louis Ibah, ordered immediate enforcement actions against marketers hoarding products or inflating prices.
“This situation is unacceptable. The government will not allow a few operators to exploit citizens,”
— Ekperikpe Ekpo
Ekpo assured that normal supply should resume within a week.
Officials have linked the sharp price hike to two major supply disruptions — the recent PENGASSAN strike at the Dangote Refinery and ongoing maintenance at the Nigeria LNG Train 4 facility — both of which have significantly affected gas distribution nationwide.
Although the strike ended nearly two weeks ago, supply levels have yet to normalize. Several gas depots in Apapa and Ikeja were still operating below capacity on Monday, with long queues of tankers waiting to load.
Data from the National Bureau of Statistics (NBS) highlights the reversal of previous gains: in August 2025, the average retail price for refilling a 12.5kg cylinder dropped by 21.42% to ₦16,195.07, before the current surge erased those improvements.
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