Fresh pressure dey mount on household energy costs as marketers for Monday warn say price of Liquefied Petroleum Gas, wey dem dey call cooking gas, fit rise again after new price adjustment from Dangote Petroleum Refinery and worsening global crude oil dynamics. Nigerian Association of Liquefied Petroleum Gas Marketers talk say retail prices don already climb sharply reach N1,000 per kilogramme, driven by higher ex-depot prices, surging logistics costs, and ripple effects of rising crude oil prices.
This one come as Dangote refinery increase im LPG ex-gantry price from N760 and N800 last week to N825 per kilogramme for Monday, development wey industry players see as key trigger for downstream price adjustments across Nigeria. Association Publicity Secretary, Damilola Owolabi-Osinusi, confirm for interview say consumers suppose expect higher prices for retail outlets nationwide. She talk, “Yes, definitely. Price of cooking gas go rise. Prices don already increase to N1,000 per kg for retail stations. This one na because of cost of logistics. E don increase too, haulage and other loading costs, particularly haulage. Even Dangote refinery don increase im price. E be N825 from Dangote as of today.”
Her comments dey signal widening gap between ex-depot and retail prices, dey underscore cumulative impact of supply chain costs on final consumer pricing. Operators explain say, beyond refinery price adjustment, rising transportation costs, wey higher diesel prices and operational bottlenecks fuel, dey significantly compound the situation. Latest hike dey closely linked to sustained increase for global crude oil prices, wey directly influence LPG pricing, as both products dey come from hydrocarbon processing.
As crude prices climb for international market, cost of propane and butane, the primary components of LPG, also dey rise, leading to higher import parity prices and upward pressure on domestic supply. Nigeria, despite being major gas producer, still dey rely partly on imports and market-linked pricing, making local LPG prices vulnerable to global energy shocks. Anticipated increase dey expected to further strain Nigerian households wey already dey grapple with rising food and energy costs, as LPG remain critical cooking fuel for urban and semi-urban populations.
For past one year, Federal Government don promote LPG adoption as part of im clean energy transition strategy, encouraging shift away from firewood and kerosene. However, recurring price spikes don continue to threaten affordability and slow adoption rates. Marketers warn say unless significant drop for crude prices or targeted interventions to ease logistics and distribution costs happen, upward trend fit persist for near term.
Stakeholders attribute the situation to combination of factors, including foreign exchange volatility, high vessel and terminal charges, and infrastructure gaps for domestic gas distribution network. With Dangote refinery now dey play more prominent role for domestic LPG supply, im pricing decisions dey increasingly shape market trends. Despite concerns, marketers insist say current adjustments na market-driven and necessary to sustain supply.
For now, consumers fit get to brace for higher cooking gas prices, as interplay between crude oil markets and local supply realities dey continue to dictate cost of clean cooking energy for Africa largest economy. Meanwhile, Dangote Petroleum Refinery don also raise price of petrol for im gantry to N1,275 per litre, marking second increase within 24 hours amid surging global crude oil prices. Barely 12 hours after earlier hike, refinery increase price of Premium Motor Spirit from N1,245 to N1,275 per litre.
Revised rate dey take effect from 12.00am on March 21, 2026, replacing all previously communicated prices. For time of filing this report, Brent crude dey trade around $112.2 per barrel, after earlier touching $114, representing sharp increase driven by escalating geopolitical tensions for Middle East. For notice to customers, refinery state: “Prices wey dey inside our previous correspondence no longer dey applicable and dem suppose disregard am.”
Back-to-back adjustments again show speed wey global crude oil price movements dey transmit into Nigeria domestic fuel market. Crude oil prices surge follow renewed attacks on key energy infrastructure for Middle East, raising concerns about supply disruptions. Brent crude rise to as high as $114 per barrel for early trading, while European gas prices climb to their highest level since conflict begin.
US president Donald Trump warn say United States go escalate im response if Iran continue attacks on critical energy assets for region. Qatar also report significant damage after missile strikes near Ras Laffan terminal, world largest liquefied natural gas facility, following retaliatory actions linked to earlier attacks involving Israel and Iran. For related development, UK maritime agency report say vessel east of Strait of Hormuz catch fire after being struck by unidentified projectile, further heightening fears over energy supply routes.
Nigeria record sharpest increase for petrol pump prices globally following escalation of tensions for Middle East involving United States, Israel and Iran, according to data from Global Petrol Prices. Analysis show say Nigeria petrol prices rise by 39.5% between February 23 and March 16, highest increase among all countries tracked during period.
Data from tanker-tracking firm Kpler show Nigeria exports of clean petroleum products – wey include gasoline, diesel, kerosene and jet fuel – don rise to about 214,000 barrels per day so far for March from average 100,000 bpd for February. Shipments to other African countries don climb to about 90,000 bpd from 38,000 bpd previously. Dangote refinery don sell 12 cargoes of premium motor spirit, totalling 456,000 metric tons, on free-on-board basis to international traders, with shipments delivered to Cote d'Ivoire, Cameroon, Tanzania, Ghana and Togo.
Escalating Middle East conflict don push up global crude prices, lifting feedstock costs for refiners worldwide. At same time, shipping disruptions and lower fuel availability from Europe and Gulf don cut flows of low-cost refined products into West Africa. That don create opportunities for suppliers with shorter supply chains. Dangote owner Aliko Dangote don dey spar with Nigerian regulators over continued petrol imports, wey he contend undermine im refinery. Nigeria halt imports last month.
Since then, domestic pump prices don rise more than 50% as Iran conflict dey roil energy markets. Nigeria dey consume estimated 50 million to 60 million litres of gasoline per day – nearly one-fifth of Africa total demand – making fuel availability and pricing acutely sensitive to swings for global markets. For decades, West Africa don depend heavily on imported fuel cargoes from Europe and Middle East, often of lower quality, leaving region exposed to logistical delays and external supply shocks.
Preliminary data show say Nigerian fuel imports dey at daily average of 90,000 bpd so far for March, according to Kpler, down from 209,000 bpd for whole of February. Arrivals from offshore Togo, wey Dangote don previously accuse of being source of dirty fuel imports into country, don fall to zero so far for March, compared with 60,000 bpd for February. As Dangote Refinery dey seek to end all imports, Middle East crisis dey push more local fuel traders to seek supply from refinery.
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