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Cooking Gas Crisis Looms As Price May Jump To ₦1,500 Per Kg Nationwide.

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3 months ago

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There are growing indications that the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, may increase significantly across Nigeria due to declining depot stock levels and rising domestic demand.....KINDLY READ THE FULL STORY HERE▶

Checks revealed that only Dangote Petroleum Refinery, Ardova Plc, and Navgas currently have commercial volumes of LPG available for sale in the domestic market.

Market sources attributed the tight supply to increased consumption in Lagos and other parts of the country, as more households and businesses continue to switch from other energy sources to cooking gas.

Depot price data showed that Dangote Petroleum Refinery sold LPG at ₦1,060 per kilogram, while Ardova Plc and Navgas sold at ₦1,065/kg and ₦1,085/kg respectively.

Industry operators warned that the retail price could climb to as high as ₦1,500 per kilogram from the current average of about ₦1,300/kg if supply constraints persist.

The Chief Executive Officer of Petroleumprice.ng, Olatide Jeremiah, said the market pressure could trigger further price increases in the coming days.

He noted that growing demand from households and commercial users switching to LPG was putting additional strain on available supply.

Meanwhile, a report by the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicated that domestic gas utilisation rose in March 2026, reflecting government efforts to boost local consumption of natural gas for power generation, industrial use, and other applications.

Data from the Nigerian Upstream Petroleum Regulatory Commission showed that domestic gas sales increased to 55,903.72 million standard cubic feet in March 2026, up from 52,300.45 million standard cubic feet in February.

The figures suggest a rise in gas supply to domestic users, particularly gas-fired power plants and industrial consumers, as Nigeria continues to face electricity challenges and seeks cleaner energy alternatives to diesel and fuel oil.

Overall, the March data showed that Nigeria utilised 224,935.06 million standard cubic feet out of 240,510.62 million standard cubic feet produced, representing a utilisation rate of 93.5 per cent.

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‘No More Excuses!’: Minister Umahi Descends On Deplorable Benin-Asaba Route In High-Stakes Visit!

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7 minutes ago

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August 25, 2026

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  • Urgent On-Site Inspection: Minister of Works, David Umahi, has scheduled an inspection of the troubled Benin-Asaba highway following intense public frustration over worsening gridlock and deteriorating road conditions.....KINDLY READ THE FULL STORY HERE▶

    • Multistakeholder Assessment: Announced during the flag-off ceremony for the Ibadan-Ijebu-Ode Road dualisation and detailed by his media aide Francis Nwaze, the visit will bring together ministry officials, independent engineers, project contractors, and Edo State government representatives.

    • Concession and Contractor Concerns: Umahi attributed part of the crisis to private-sector concession efforts, noting that the handling company stripped over 30 kilometres of asphalt without finishing the rehabilitation work, leaving motorists stranded in heavy traffic.

    • Critical Regional Artery: The Benin-Asaba route serves as a vital economic corridor connecting Edo and Delta states, heavily relied upon by thousands of travelers moving between the South-South and other regions of the country.

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‘Double Doom For Nigeria!’: Senator Kalu Exposes The Two Massive Evils Destroying The Economy!.

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26 minutes ago

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August 25, 2026

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  • Twin Economic Threats: Senator Orji Uzor Kalu (representing Abia North) has identified the high cost of fuel and the dollar exchange rate as the two primary drivers crippling Nigeria’s economy.....KINDLY READ THE FULL STORY HERE▶

    • Call for Domestic Production: During an interview on News Central Television, the former Abia State governor stressed that Nigeria cannot achieve long-term stability by relying solely on oil while continuing to import basic necessities.

    • Critique of Government and Production Deficit: Kalu criticized public officials for lacking the willingness to make necessary sacrifices, noted that the frustration of the country’s youth is justified, and pointed out that Nigeria’s economy has remained largely unproductive since 1960.

    • Prioritizing Real Sector Growth: Emphasizing that oil revenue alone is not a silver bullet, he urged the nation to channel resources into active domestic production—particularly in agriculture and food security—to secure a sustainable future.

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Total U-Turn! Dalung Defies Public Outcry And Demands Immediate Reintroduction Of Fuel Subsidy!.

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30 minutes ago

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August 25, 2026

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  • Backing the Subsidy Return: Former Minister of Youth and Sports Development, Solomon Dalung, has publicly supported calls to reintroduce fuel subsidies, noting that the removal has only favored a select few in government rather than ordinary citizens.....KINDLY READ THE FULL STORY HERE▶

      • Views on Atiku’s Proposal: Sharing his perspective during an appearance on Arise Television, Dalung aligned with recent discussions surrounding the policy stance of opposition figures regarding the subsidy.

      • Criticism of Anti-Corruption Efforts: The former minister also voiced strong reservations about the current administration’s strategy for tackling corruption, questioning its structural capacity to address the issue effectively.

      • Praise for State Police Initiative: On a positive note, Dalung commended President Bola Tinubu for pushing forward the legislative process for the establishment of state police, though he cautioned that the practical benefits will take time to manifest.

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