Petrol, Diesel and Cooking Gas Prices Deepen Nigeria’s Cost-of-Living Crisis

Rising petrol, diesel and cooking-gas prices are increasing pressure on Nigerian households and businesses. The Nigeria Labour Congress says petrol now sells for about ₦1,430 per litre in major cities, while prices can be higher in less accessible areas. Cooking gas has risen to about ₦1,500–₦1,600 per kilogramme, up from roughly ₦1,200. Diesel prices have also climbed as high as ₦2,300 per litre at some outlets. Analysts warn that higher energy costs will push up transport fares, food prices, rent, school expenses and the cost of running businesses. Families across several states say they are buying less food, postponing major plans, reducing travel and struggling with school fees, rent and healthcare. Small traders and manufacturers are also facing thinner profits as wholesale, logistics and power costs rise. Economic experts say wage awards and palliatives may provide temporary relief, but argue that lasting solutions require better mass transit, local refining, reliable electricity, improved food production, targeted social protection and lower financing costs for small businesses.

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