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The Digest:

The cost of essential household energy has taken a sharp upward turn, putting additional pressure on Nigerian families. According to Vanguard, the price of refilling a 12.5kg cooking gas cylinder has risen to N17,500 this week, a 34.6% increase from N12,750, driven primarily by recent industrial action that disrupted supply chains.

Key Points:
  • The price of 1kg of cooking gas now retails between N1,350 and N1,500 nationwide.
  • The National President of NALPGAM attributed the spike to the PENGASSAN strike.
  • The strike forced shutdowns at gas plants, creating a limited supply and high demand.
  • Major supplier Dangote Refinery has not released loading invoices to marketers for over three weeks.
  • This has compelled marketers to buy from competitors at significantly higher rates.
  • Market experts predict prices may drop in the coming weeks if supply improves.
  • The situation highlights the vulnerability of local energy markets to industrial disputes.
This price surge demonstrates how labor disputes in critical sectors directly impact the cost of living, turning essential commodities into luxury items for many households.

Sources: Vanguard