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The Digest:

Lagos households and small businesses are facing unprecedented pressure as the price of cooking gas surges to record levels, prompting government action against suspected hoarding while families struggle with daily meal preparations.

Key Points:
  • Cooking gas prices have skyrocketed to between ₦2,500-₦3,000 per kilogram
  • A 12.5kg cylinder now costs over ₦25,000 in areas like Amuwo Odofin and Surulere
  • The Minister of State for Petroleum Resources has ordered immediate action against hoarders
  • Price disruptions followed the PENGASSAN strike at Dangote Refinery
  • Ongoing maintenance at Nigeria LNG Train 4 has further reduced the domestic supply
  • Gas depots in Apapa and Ikeja are operating below capacity despite the strike suspension
  • The surge erased previous gains that saw prices drop 21% in August
As essential flames flicker in homes across the nation, the rising cost of warmth reveals how deeply economic currents touch the most fundamental acts of daily life and survival.

Sources: NBS, Vanguard