In March 2026, the price of a 5kg cooking gas cylinder surged to ₦7,655, marking a significant increase that compounds already rising living costs for Nigerian households. This surge, exceeding double-digit percentage rises compared to February, reflects ongoing economic pressures, including inflation and supply chain disruptions exacerbated by global energy market fluctuations.
Stakeholders are increasingly concerned about the impact of these rising costs on everyday life. "The continuous hike in cooking gas prices is unsustainable for many families, especially the low-income earners," stated Chijioke Nwankwo, a representative from the Consumers Association of Nigeria. This price escalation not only affects cooking expenses but also has broader implications for food security and overall household budgets.
Looking ahead, the trajectory of cooking gas prices remains uncertain. With ongoing geopolitical tensions and domestic economic challenges, consumers may need to brace for further increases. Policymakers must act decisively to address these energy cost challenges, ensuring that affordable energy remains accessible to all Nigerians.
