Lagos residents may be heading for another increase in cooking gas prices as depot prices of liquefied petroleum gas (LPG) have surged by ₦200 per kilogramme in just two days.

The sharp increase means consumers could soon pay more to refill their gas cylinders if the latest depot price hike is passed on to retail outlets.

Price data tracked by Petroleumprice.ng showed that major depots, including Navgas, Ardova and Nipco, raised their LPG prices from ₦1,050 per kg on September 14 to ₦1,250 per kg on Wednesday, September 16.

That represents a 19.05% increase in just 48 hours, adding fresh pressure to Nigerian house-holds already battling rising living costs.
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Cooking Gas Price Shock Hits Lagos

The latest LPG price increase comes as global energy markets face renewed uncertainty follow-ing disruptions to major oil transportation routes linked to the escalating Middle East crisis.

A major development is the shutdown of Saudi Arabia's East-West Pipeline after an attack. The pipeline carries crude from eastern Saudi Arabia to Yanbu on the Red Sea and serves as an al-ternative route to shipments through the Strait of Hormuz.

The continued closure has raised concerns over Saudi Arabia’s ability to maintain crude export flows if the disruption persists.

At the same time, restrictions on Iranian oil exports and disruptions around key international ship-ping routes are adding to concerns over global energy supplies.

For Nigeria, developments in the international market could put additional pressure on petroleum product prices, particularly where local supply is constrained.

Dangote-Linked Marketers Also Raise LPG Prices

The pressure is not limited to the three major depots.

Marketers linked to the Dangote Refinery have also increased their LPG prices, moving from #1,000 per kg to #1,150 per kg.

The latest adjustments come as LPG availability in Lagos reportedly tightens, with only a limited number of depots said to have products available.

The supply squeeze is forcing marketers to compete for available stock, creating additional up-ward pressure on depot prices.

If the situation continues, the combination of tighter supply and rising international energy market risks could trigger further increases in the price of cooking gas across Lagos.