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Cooking Gas Prices Rise As Petrol Hike Bites Harder - Politics - Nairaland

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Cooking Gas Prices Rise As Petrol Hike Bites Harder by Islie(op): 11:45am On Mar 05
Residents across Nigerian cities are grappling with sharp increases in cooking gas prices, and the impact of the hike in Premium Motor Spirit (PMS) pump prices continues to ripple through household budgets and supply chains.

The surge in cooking gas prices in Nigeria is being linked to the ongoing US–Israel–Iran conflict, which has disrupted global oil and gas markets and pushed up benchmark prices that feed into local LPG costs

Residents of Lagos communities are grappling with fresh increases in cooking gas prices, as the ripple effects of the recent PMS (petrol) hike continue to impact household budgets.

Findings by LEADERSHIP around Onike, Iwaya and Yaba on Wednesday revealed that one kilogramme of Liquefied Petroleum Gas (LPG) now sells between N1,250 and N1,300, depending on the retailer, from about N900 per litre, last week

The price of a 5kg cylinder ranges from N7, 500 to N8,167, while 12.5kg refills cost between N13,750 and N19,200 along Iwaya and Onike.

However, the sharp price fluctuations, even over a short period, have left many residents confused and frustrated, with some accusing retailers of exploiting the situation created by the recent petrol price hike.

A resident of the Berger area of Lagos, who identified herself simply as Amaka said the rising cost of both petrol and cooking gas has worsened the cost-of-living crisis.

“Everything is going up at the same time. Transport fares have increased due to petrol, and cooking gas is also high. We don’t even know which one to complain about first,” she lamented.

She added that she was shocked to be quoted N19,200 for a 12.5kg refill at a neighbourhood outlet. “Last time I refilled, it was far less than this. How did we get to almost N20,000? It is becoming difficult for an average family to cope,” she said.

Retailers who spoke to our correspondent attributed the increase to higher transportation costs following the PMS hike and to supply chain pressures.

While one dealer explained that distributors now charge more to move products from depots to retail points.

“Some of those stations that we get the gas have jacked up there prices. When petrol goes up, everything goes up. We use vehicles to transport the gas cylinders. The cost is transferred to us, and we have no choice but to adjust,” he said.

In Wawa, a border community along the Lagos-Ibadan Expressway, residents shared similar concerns.

Mama Chisom, mother of three, said she has begun rationing gas usage to make ends meet. “With what’s going on now, we are managing it carefully. I tell my children not to waste gas. Sometimes, I cook once and warm the food later to save cost,” she said.

She added that the combined effect of high transport fares and rising food prices has placed additional strain on families in border communities. “We depend on the city for many things. If fuel prices increase, transport costs increase, and now gas prices are high too. It is too much for us,” she said.

In Abuja, LEADERSHIP checks also showed that cooking gas prices spiked up yesterday amid the US-Israel/Iran conflict’s oil market volatility.

A 12.5kg cylinder now costs between N17,000 to N19,500 in areas like Garki and Wuse, up 25 per cent from last week, per market surveys. Vendors linked it to imported LPG cost surges—exacerbated by war-driven shipping delays and Brent crude jumps—plus local trucking expenses from the PMS hike. Civil servant Ibrahim Musa lamented: “Fuel scarcity fears from the war are hitting us here. Gas was our affordable alternative; now it’s pricier than kerosene.”

In the gas-rich Niger Delta, Port Harcourt residents faced the steepest climbs. Refills for 12.5kg cylinders ranged from N18,500 to N21,000 in Diobu and Trans-Amadi, as local production failed to offset global LNG disruptions caused by Iranian threats. Dealers say PMS hikes doubled delivery costs from riverside plants.Trader Ebere Okoro said: “Ironically, in the gas capital, we’re worst off. The Middle East war blocks cheap imports, and petrol woes inflate everything.”

Kano’s markets mirror the crisis, with 6kg cylinders at N9,000 to N10,500 in Sabon Gari and Kwari. Long-haul transport from southern depots, now costlier due to PMS, compounds war-induced increases in feedstock prices. Housewife Fatima Yusuf shared: “We’re returning to firewood. Gas was a relief, but this Iran-US-Israel escalation makes it luxury.”

Market analyses indicate that the US–Israel strikes on Iranian targets and Iran’s retaliatory actions have unsettled crude oil flows in the Persian Gulf, causing international crude and LPG benchmarks to rise.

Because Nigeria’s fuel and LPG pricing is tied to international benchmarks and foreign-exchange costs, local pump and cylinder prices have risen even though the country is not directly in the conflict zone.

Depot owners across Nigeria have reportedly increased the price of cooking gas by an average of about N100 per kilogramme, with major distributors such as NIPCO, Navgas, and Techno Oil quoting roughly N885–N950 per kg, compared with an earlier average of about N800 per kg. Industry sources say these adjustments followed a spike in Nigeria’s benchmark crude and global LPG rates, which they attribute to the Iran-related supply disruptions and heightened geopolitical risk.

Analysts warn that the same global oil‑price surge that benefits Nigeria’s export revenues can squeeze consumers, because higher benchmarks translate into more expensive petrol and cooking gas, which in turn push up transport and food costs.

They add that if the US–Israel–Iran tensions persist or worsen, particularly around key chokepoints such as the Strait of Hormuz, domestic fuel and gas prices could face further upward pressure.
https://leadership.ng/cooking-gas-prices-rise-as-petrol-hike-bites-harder/

Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by IkeOnyia: 11:47am On Mar 05
Iran is the cause. Nigerians know how to cope with all kinds of inconveniences. This storm too will pass.
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by AqualinaXYZ: 12:21pm On Mar 05
IkeOnyia:
Iran is the cause. Nigerians know how to cope with all kinds of inconveniences. This storm too will pass.
Zone B



Iran is not the cause



It’s Peter Obi, Goodluck Jonathan and ADC



Let’s forge another certificate to caution the effects of gas hike



Let’s stop complaining about Tinubu government and plant our own gases in our backyard like Remi Tinubu
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by elasticlala: 12:22pm On Mar 05
When crude price increases, the government gets richer but the people get poorer
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by Razzness(m): 12:22pm On Mar 05
That is the price of war, last last na innocent people dey suffer pass.
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by Skillsnigeria: 12:22pm On Mar 05
grin hmmm, it is well with my soul
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by Omoawoke(m): 12:23pm On Mar 05
Why should oil producing nation be affected by oil prices due to Iran Israel war if things were normal?
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by ekukeku(m): 12:23pm On Mar 05
No electricity
Gas tu won
Epo te le
Food will soon join
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by dacool1(m): 12:24pm On Mar 05
When they want to justify their wickedness the remember international standards, buh let them pay international wage they will remember that we earn in naira
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by 2blessed01(m): 12:24pm On Mar 05
Them dey sell gas 9h B4, bought gas 1200 last week....wonder hw much it will b nw with this price hike...
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by optionalY09: 12:28pm On Mar 05
If petroleum prices rise it should only affect export and not. nigerians
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by HacheNoire: 12:32pm On Mar 05
Iran shared cake for the whole world 😂🤣😂🤣
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by Dogalmighty17: 12:41pm On Mar 05
Zombies that are supporting Israel and US, na pepper dey everybody nyash so o.
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by yesloaded: 12:42pm On Mar 05
And inflation don reduced according to those voodoo economist
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by reddingtonblack: 12:43pm On Mar 05
To think Guyz like richtaiwo nairalanda1 were here propagating Tinubu reforms are yielding ... things are coming down cheesy we ask them what exactly did the govt do to bring things down .. They say we bitter, we are obedient, some even call us igbo cheesy

So why is the Almighty Tinubu reform not keeping price on a downward slope

Dangote slashed price december they said it Tinubu strategy working .. price is going up now, them go hide
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by nairalanda1(m): 12:46pm On Mar 05
reddingtonblack:
To think Guyz like richtaiwo nairalanda1 were here propagating Tinubu reforms are yielding ... things are coming down cheesy we ask them what exactly did the govt do to bring things down .. They say we bitter, we are obedient, some even call us igbo cheesy

So why is the Almighty Tinubu reform not keeping price on a downward slope

Dangote slashed price december they said it Tinubu strategy working .. price is going up now, them go hide
Lol

Tinubu is a bad leader.

What I propragate here is the right of businesses to set their prices and also yes taxation so that more people would be like you and put fire under tinubu leg

I also propagate the idea of industrialization

Again apc and tinubu are bad leaders. And using price increases as a means of judging a government is an invitation to debt and more debt

Plus when tinubu crashed rice prices at the expense of farmers he was good to you bah?


Good afternoon
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by KomonSense: 12:49pm On Mar 05
I have said it that Tinubu is an OTP.

He is clueless


Residents of Lagos communities are grappling with fresh increases in cooking gas prices, as the ripple effects of the recent PMS (petrol) hike continue to impact household budgets.
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by KomonSense: 12:50pm On Mar 05
Residents of Lagos communities are grappling with fresh increases in cooking gas prices,

Tinubu ooo
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by EponObi(f):
Oya now!

It's just the beginning.

It's Nigerians with no thinking cap that are supporting this war. To them it's US and Israel vs Iran. They don't care so far it's their darling Israel that's in the ring - a country that hate them for being Christians and blacks for that matter.

The war was needless and will only worsen inflation around the globe. It took years and a lot of pain before the world started getting relief from the Russia-Ukraine war - prices of grains esp wheat, oil, gas went through the roof. The dust has only started settling then you have the the dude in White House and his counterpart in Israel starting another needless war.


Within 48 hours when this war started, prices of gas in Europe rose by 90%. Lol

I'm just reading that energy companies in the Gulf are telling Iran they will shutdown their facilities for two months, so Iran shouldn't bomb them. So much for being allies of the US. The US has abandoned them and didn't protect them against the fury of the Iranians.

It will be a long winter. Be prepared.


EponObi:
Without the billions of dollar budget of Pentagon or HaKirya, Iran is crippling the global energy supply and logistics chain in real time. When the effect start hitting you here in Nigeria, we will reevaluate if they are lazy thinkers.
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by ceejay80s(m): 12:58pm On Mar 05
I hate complaining....
Let's all prepare for full protest,
Enough is enough, no light and we have an useful government v
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by onuman: 1:02pm On Mar 05
APC says it has brought down prices of goods in Nigeria.
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by ceejay80s(m): 1:02pm On Mar 05
It has nothing to do with Iran war,
How many of una sef go school?
So Ukraine and Russia has not been fighting war since and u don't have gas,
Did Israel and Iran fight start today and u never had gas,
Do we depen on their gas when we have ours?
Make una stop to dey disgrace me
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by theophorus(m): 1:02pm On Mar 05
Na Trump, Ayatola and wetin be that Israeli PM name self, Na these people cause this Price increase bayi ooo.

Well, the fighting go soon stop make we relax joor.

Abeg, make ibturn Eba chop with WaterLeaf soup and Dog meat.
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by EponObi(f): 1:04pm On Mar 05
HacheNoire:
Iran shared cake for the whole world 😂🤣😂🤣
It's just the beginning.

I said in one thread yesterday that Iran is fighting asymmetrical warfare. Many clueless Nigerians don't understand. They think the US and Israel with their advanced weaponry are winning.
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by onuman: 1:04pm On Mar 05
ceejay80s:
I hate complaining....
Let's all prepare for full protest,
Enough is enough, no light and we have an useful government v
Who will protest? The SW people led protests during Jonathan govt. They now feel "our man is on top, so everyone should get on with the mess."
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by simpleseyi: 1:06pm On Mar 05
YAKUBU MANAGE. I will do you as if you want to die, but you will not die

Everybody is happy with the bombing of Iran and we are happy with the consequences.

The child rapists and human flesh eaters leading America are our lords and saviours
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by tpain121: 1:07pm On Mar 05
Islie:
https://leadership.ng/cooking-gas-prices-rise-as-petrol-hike-bites-harder/
APC is only out to steal, kill and destroy Nigerians

Watch ronukus blame it on Israel and the US.

Terrible lots.
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by ceejay80s(m): 1:08pm On Mar 05
onuman:
Who will protest? The SW people led protests during Jonathan govt. They now feel "our man is on top, so everyone should get on with the mess."
The thing sef tire me,
Let's all go our separate ways, so when u want to protest when government misbehave, all hands will be on deck
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by ufotunang: 1:09pm On Mar 05
If the naira was appreciated and have value against the dollars
Like of the exchange rate was like 500 naira to a dollar.. even with the Iran ... Isreal/USA war the prices of fuel and gas will be cheap

So if the naira appreciates and have value against the dollars the price of fuel and gas will reduce and come down
Re: Cooking Gas Prices Rise As Petrol Hike Bites Harder by simpleseyi:
onuman:
Who will protest? The SW people led protests during Jonathan govt. They now feel "our man is on top, so everyone should get on with the mess."
.
No human being in other regions or are they just waiting for the Presidential seat to be served to them like Party jollof rice?
1 2 Reply

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