Cooking gasoline costs soar as FG orders clampdown on hoarders 

The Minister of State for Petroleum Assets (Gasoline), Ekperikpe Ekpo, has ordered a clampdown on entrepreneurs hoarding or exploiting customers following the latest surge within the value of Liquefied Petroleum Gasoline, popularly referred to as cooking gasoline.

This was disclosed in a press release signed by the minister’s spokesman, Louis Ibah, on Monday.

The costs of cooking gasoline rose not too long ago from a mean of N1,000 per kilogramme to about N2,000/kg in some places. This adopted the latest strike by the Petroleum and Pure Gasoline Senior Employees Affiliation of Nigeria in the course of the rift between it and the Dangote refinery.

Virtually two weeks after the strike was suspended, the costs of cooking gasoline refused to go down whereas the shortage deepened.

Expressing concern over the event, Ekpo appealed for calm and understanding from Nigerians, assuring them that the scenario was short-term and would normalise by subsequent week.

In response to him, the sharp improve in value was attributable to two most important elements: the economic motion by PENGASSAN on the Dangote refinery and the continued upkeep actions on the Nigeria LNG Prepare 4 facility.

The minister defined that the strike by PENGASSAN on the Dangote refinery briefly halted LPG loading, whereas the upkeep work at NLNG lowered the amount of gasoline obtainable within the home market.

Backstory 

Nairametrics reported final week that gasoline costs skyrocketed throughout Nigeria, with Lagos residents now paying between N2,500 and N3,000 per kilogram, as shortage grips main cities.

In Lagos, the value of refilling a 12.5kg cylinder has surged to N21,600, whereas round Amuwo Odofin, an identical quantity now prices as excessive as N26,000, equal to N2,080 per kg.

In Abuja, the value is barely decrease however nonetheless biting arduous on households, with a 12.5kg cylinder going for about N20,000 (N1,600 per kg) across the Nyanya axis.

Many residents say a number of filling stations and gasoline vegetation have run out of inventory, leaving solely road distributors with restricted provides at inflated costs.

What you must know 

The Nationwide Bureau of Statistics (NBS) experiences that the typical retail value for refilling a 5kg cylinder of Liquefied Petroleum Gasoline (Cooking Gasoline) decreased by 22.32% on a month-on-month foundation from N8,243.79 recorded in July 2025 to N6,404.02 in August 2025.

The report additionally said that the typical retail value for refilling a 12.5kg Cooking Gasoline decreased by 21.42% on a month-on-month foundation from N20,609.48 in July 2025 to N16,195.07 in August 2025.

NBS information exhibits that Nigeria’s headline inflation charge eased for the fifth consecutive month, dropping to twenty.12% in August 2025 from 21.88% recorded in July 2025.