Why Cooking Gas Prices Are Rising – Marketers Explain!

Why Cooking Gas Prices Are Rising – Marketers Explain!

Reported by Marian Opeyemi Fasesan | Sele Media Africa

Cooking gas prices in Nigeria have spiked again, with a kilogram now selling for as high as ₦2,000 in several parts of the country. This surge has sparked public frustration and renewed concern over energy affordability.

What Marketers Are Saying:

  • Foreign Exchange Crisis: The devaluation of the naira has driven up the cost of importing liquefied petroleum gas (LPG) and related components, according to the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM).
  • Supply Chain Challenges: Delays at ports, high vessel charges, and increasing haulage costs have contributed to pricing pressures.
  • Scarcity of Local Supply: Despite Nigeria’s natural gas reserves, domestic LPG production remains low, forcing heavy reliance on imports.
  • Multiple Levies & Taxes: Marketers say they are burdened with regulatory fees from agencies like NMDPRA and SON, which trickle down to consumers.

Impact on Nigerians:

  • Many households are switching to charcoal, firewood, or kerosene, raising health and environmental concerns.
  • Small food businesses and roadside vendors report shrinking profits due to daily increases in operating costs.

What’s Next?

  • LPG stakeholders are urging the federal government to boost local gas processing, improve forex access, and streamline port clearance for gas imports.
  • Analysts warn prices could remain volatile unless structural reforms are implemented in the energy sector.

Citations:

  1. ThisDayLive: www.thisdaylive.com/2021/01/12/marketers-blame-dpr-pppra-for-rising-cooking-gas-price/?utm_source=chatgpt.com
  2. Businessday NG: businessday.ng/news/article/explainer-here-is-why-cooking-gas-prices-are-going-up/?utm_source=chatgpt.com
  3. Tribune Online: tribuneonlineng.com/why-cooking-gas-price-skyrocketed-in-nigeria-%E2%80%95-operator/?utm_source=chatgpt.com
  4. Vanguard News: www.vanguardngr.com/2023/11/why-price-of-cooking-gas-is-high-nlng-boss/?utm_source=chatgpt.com
  5. Independent Newspaper Nigeria: independent.ng/cooking-gas-price-soars-as-scarcity-worsens-across-nigeria/?utm_source=chatgpt.com

About The Author


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Marian Opeyemi Fasesan

Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Managing Editor of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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