Fresh indications have emerged that the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, may witness further increases across Lagos and other parts of Nigeria following growing supply shortages at major depots.
Market checks by Petroleumprice.ng on Monday showed tightening product availability across Lagos depots, with only a few facilities currently maintaining LPG stock for loading activities.
At the depots monitored, Dangote Refinery was selling LPG at N1,060 per kilogram, Ardova Plc maintained product availability at N1,065 per kilogram, while Navgas was selling at N1,085 per kilogram.
Industry operators attributed the growing concern in the market not primarily to immediate depot price increases, but to the widening supply shortage currently affecting several loading points across Lagos, particularly on the mainland, where loading activities have become increasingly constrained.
According to market sources, the shortage has reduced product accessibility for independent gas retailers and bulk buyers, creating fears of an imminent upward adjustment in retail cooking gas prices if supply conditions persist.
Retail prices of cooking gas are already hovering around N1,300 per kilogram in several locations, with operators warning that consumers could face further increases in the coming days as supply pressure continues to build.
The tightening availability reflects increasing strain within Nigeria’s LPG distribution chain despite rising nationwide demand for cooking gas as an alternative to traditional fuels such as kerosene and firewood.
Industry stakeholders noted that limited depot availability, combined with constrained product supply, has continued to shape market sentiment among marketers and distributors.
Some marketers also expressed concern that prolonged shortages at key loading depots in Lagos could trigger wider price adjustments across multiple states, given the city’s strategic role in Nigeria’s LPG distribution network.
The development comes at a time when households and small businesses are already grappling with elevated energy costs, with cooking gas remaining a major expense for many urban consumers.
Market analysts said unless fresh product inflows improve supply levels across Lagos depots, the current scarcity could translate into another round of retail price hikes in the short term as demand continues to rise across residential and commercial markets.