₦airaland Forum

ekukeku:
No electricity
Gas tu won
Epo te le
Food will soon join

ceejay80s:
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

Islie:
Cooking Gas Prices Rise As Petrol Hike Bites Harder by Islie: 11:45am
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/

theophorus:
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.

Omoawoke:
Why should oil producing nation be affected by oil prices due to Iran Israel war if things were normal?

Xammie001:
If you don't understand how it works always ask questions instead of showing forth ignorance, do you know how many government in the world prayed for these ehn, the oil price sin't controlled by the Nigeria government but oil producing states coming together to benchmark so as to allow price control, so it's not about oil producing state or not, if this continue like this ehn, we are going to have an extra crude oil account same way we had under jonathan because the government will have change left and that can be used to do something for the citizens

Omoawoke:
Why should oil producing nation be affected by oil prices due to Iran Israel war if things were normal?

Mubiola360:
it is a glibal commodity. Anything that happens to Bitcoin affects the crypto market around the world, same applies to oil and gas. A single country can't control it.

AqualinaXYZ:
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

Mubiola360:
it is a global commodity. Anything that happens to Bitcoin affects the crypto market around the world, same applies to oil and gas. A single country can't control it.

nairalanda1:
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

reddingtonblack:
Now you are hiding behind a corn leaf why would you even propagate tax to someone life Tinubu .. That like his " obession" perhaps owo mi da turns him on

seems of All your advice, na only TAX the man hear before his ears were cut off

I am yet to see one thing Tinubu as brought down compare to what he met ... So why should jubilate rice is 70k