Cooking gas jumps to N1,500 per kg as diesel tops N2,000 at depots
By Aboki Forex —
Cooking gas now sells for about N1,500 per kilogramme, up from N1,200, a 25 per cent increase that has raised the cost of refilling a standard 12.5kg cylinder to about N18,750 from N15,000. That is N3,750 more for the same cylinder.
The rise comes alongside another jump in diesel prices, with Automotive Gas Oil (AGO) selling above N2,000 per litre at several depots and reaching as high as N2,300 per litre at some retail outlets. The two increases are stacking fresh pressure on households and businesses already squeezed by energy costs.
Diesel climbs in Lagos, Port Harcourt, Warri
A mid-day depot price report for September 16, 2026 showed broad increases in AGO prices, with Lagos and Port Harcourt leading the movement.
In Lagos, Ibachem recorded one of the biggest adjustments, raising its diesel price by N170 from N1,830 to N2,000 per litre. Ibeto moved from N1,835 to N1,970. Duport and Integrated both increased prices by N110 to N1,940 per litre. Eterna and Rain Oil quoted N2,000 per litre, while Nipco sold at N1,950 and Ardova raised its rate by N20 to N1,970.
Port Harcourt followed a similar pattern. African Terminal, Duport and Integrated each raised diesel prices by N110 to N1,940 per litre.
Warri recorded the highest depot price in the report. Matrix increased its AGO price from N2,080 to N2,120 per litre.
Petrol holds steady
Petrol prices were largely stable across several depots, in contrast to diesel and gas.
In Lagos, prices stayed between N1,350 and N1,353 per litre. Dangote, Pinnacle and A.A. Rano recorded marginal N1 reductions, while MRS maintained its price at N1,352.
Calabar saw bigger cuts. Alkanes reduced its petrol price by N17 to N1,338 per litre, while Matrix trimmed its rate by N10 to N1,355. Mainland and Soroman both quoted N1,338, according to data from PetroleumPriceNG.
In Warri, Matrix and Keonamex held petrol at N1,350, while Nepal and Prudent reduced their rates by N10 to N1,340 per litre.
Why prices are moving
Lawal Kamaldeen, Vice-President of the Oil and Gas Service Providers Association of Nigeria (OGSPAN), attributed the volatility to international developments, including the prolonged US-Iran conflict.
Dealers have continued to adjust prices in response to changing supply and international market conditions. An earlier report noted that Lagos residents could face another cooking gas increase, after depot prices of liquefied petroleum gas (LPG) surged by N200 per kilogramme in just two days.
What it means for households and businesses
The diesel increase hits manufacturers, transport operators, telecommunications companies and small businesses that depend on generators and logistics. Higher running costs at those firms can feed into transport fares and the price of goods.
For households, the cooking gas jump adds to the cost of daily meals. Filling a 12.5kg cylinder now costs N3,750 more than it did at N1,200 per kilogramme, and that gap widens if depot increases are passed to retail outlets.