Nigeria's energy sector has been thrown into turmoil following a shocking price adjustment from the massive Dangote Refinery that threatens to leave millions of households struggling to afford cooking gas.
Sudden Price Surge Sends Shockwaves
The Dangote Petroleum Refinery has implemented a dramatic 25% increase in cooking gas prices, raising the cost from ₦16.25 million to over ₦20 million per 20 metric tonnes. This unexpected move has created panic throughout Nigeria's liquefied petroleum gas (LPG) supply chain.
Industry insiders reveal that the price hike caught dealers completely off guard, coming at a time when many were already struggling with existing inventory challenges. The timing couldn't be worse for Nigerian families who rely heavily on cooking gas for their daily needs.
Dealers Sound the Alarm on Looming Shortages
Gas dealers across the country are warning of an imminent supply crisis that could leave markets empty and consumers stranded. The situation has become so dire that many retailers are considering scaling back operations or temporarily closing shop.
"We're facing a perfect storm," one anonymous dealer explained. "The price increase makes it impossible to maintain normal operations. Many of us simply can't afford to restock at these rates, which means shortages are inevitable."
Consumers Bear the Brunt
For ordinary Nigerians, the refinery's decision translates to immediate financial pain. Market surveys show that retail prices for cooking gas have already begun climbing, with many consumers reporting price increases of ₦500 to ₦1,000 per 12.5kg cylinder.
The timing is particularly concerning as many families are already grappling with rising food costs and general inflation. Cooking gas, once considered a more affordable alternative to traditional firewood, is now becoming increasingly inaccessible to average households.
Industry Experts Weigh In
Energy analysts point to several factors behind the price surge, including global market fluctuations and operational challenges at the refinery level. However, the magnitude of the increase has left many questioning the long-term stability of Nigeria's domestic gas supply.
The situation highlights the delicate balance between local production capabilities and consumer affordability. As Africa's largest oil producer, Nigeria's struggle to maintain consistent and affordable energy supplies for its citizens continues to present significant challenges.
With no immediate solution in sight, industry stakeholders are calling for urgent intervention to prevent a full-blown cooking gas crisis that could impact millions of Nigerian households and businesses.
