Depot owners across Nigeria have raised the price of liquefied petroleum gas, commonly known as cooking gas, by an average of N100 per kilogram.

The increase stems from geopolitical turmoil in the Middle East that has disrupted global energy markets and directly affected Nigerian households.

According to BusinessDay, Nipco Plc, one of Nigeria’s largest LPG distributors, is now selling at N950 per kilogram. Navgas Limited is dispensing at N900, while Techno Oil Limited has priced its stock at N885 per kilogram.

The adjustments represent a sharp climb from the previous market average of around N800 per kilogram. The rise follows coordinated US–Israel airstrikes on Iran that disrupted crude oil flows from the Persian Gulf to the global market.

Nigeria’s Bonny Light crude, the country’s benchmark export grade, surged to $80 per barrel from $70. This marks its highest level since July 2025, according to market data tracked by BusinessDay.

Brent crude, the global reference price, climbed to $79.08 per barrel from $72.87. Murban crude rose to $81.05 from $74.24. West Texas Intermediate, the US benchmark, advanced to $72.24 per barrel from $62, recording one of its sharpest single-session rallies in recent memory.

The pass-through from international oil prices to domestic LPG costs highlights a structural vulnerability for Nigerian consumers. The country imports the bulk of its refined petroleum products and prices LPG in line with global parity, meaning any shock to the crude market affects both fuel pumps and cooking stoves.

“Every time there is a crisis in the Middle East, we feel it here in Lagos,” said one retailer at a filling station on Lagos Island who declined to be named. “We have no choice but to adjust our prices. The product coming in is more expensive.”