Major dealers and depot owners have released new prices for liquified natural gas, also known as cooking gas, nationwide.

The new development came barely 24 hours after the 650,000 Dangote Refinery slashed its LPG prices to N760 per kilogram.

Major dealers release new prices

Nigerians have been hit with cooking gas scarcity and high prices after the PENGASSAN strike disrupted production at the mega Dangote Refinery.

Findings showed that prices rose as high as 80%, with most dealers selling a kilogram of cooking gas for N3,600, up from N1,000.

The Nigerian National Petroleum Company Limited (NNPC) blamed the scarcity and hike on PENGASSAN’s industrial action and hoarding by major marketers, leading to profiteering.

NNPC’s boss points accusing fingers

The Group Chief Executive Officer (GCEO) of NNPC, Bayo Ojulari, disclosed that the commodity’s price will stabilise as oil unions have sheathed their swords.

Speaking to State House correspondents after visiting President Bola Tinubu at the Presidential Villa, Abuja, Ojulari said the surge was not a result of new market fundamentals, but a temporary distortion caused by an industrial strike.

“The increase you saw was relatively artificial because for the period of the strike, movements and loading were delayed by about two to three days,” Ojulari explained.

Cooking gas prices remain elevated

Meanwhile, data from PetroleumPriceNG shows that importers have released new rates.

According to the data, LPG prices remain slightly elevated despite the reprieve announced by Dangote Refinery.

Depot owners sold the product at N870 per kilogramme relative to Dangote’s N760, as of Wednesday, October 8, 2025.

LPG price outlook remains fluid

Experts have warned that future industrial action against Dangote Refinery could have a devastating effect on the country’s energy market.

The refinery has emerged as a major lifeline for Nigeria’s quest for energy security and reduction in over-reliance on petroleum product imports.

For now, the LPG market pricing dynamics remain fluid, and prices could change at any moment, experts say.