Cooking Gas Prices Soar as Government Ramps Up Controls

In early 2026, cooking gas costs jumped from about ₦1,000 per kilogram to unprecedented levels. Millions of families and small businesses have been forced to cut portions, drop staples like beans, or charge more for hot meals just to survive. The government has directed regulators to hunt down hoarders and clamp down on market manipulation. Officials point to Lagos terminal congestion, multiple taxation, and reduced output from major producers as key drivers. A joint task force has been launched to track distribution and impose strict penalties. Financial experts warn that price policing alone won’t fix the crisis. They argue Nigeria must retain more locally processed gas for domestic use, expand storage facilities, and fast-track approvals for new processing plants. Without these structural reforms, relief at the pumps may remain out of reach.

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