According to Punch, Nigeria’s LPG market came under pressure from international supply disruptions linked to the Iran conflict, with demand falling nearly 23 per cent in June to a seven-month low. The report, based on Argus analysis and Nigerian regulatory data, said domestic production also declined during the period.
The shortfall encouraged higher imports, which rose sharply in June before local supply improved in July. Punch reported that average LPG retail prices subsequently fell by about 10 per cent month-on-month in July as domestic production recovered and international prices eased.
Argus is the specialist energy-information source behind the market analysis and separately describes the disruption as exposing vulnerabilities in emerging African LPG supply chains. Nigeria Standard also reported that the June decline coincided with weaker domestic output and later recovery.
Both corroborating accounts support the central development, while Argus remains the stronger specialist source for the market data. The figures should be read as a time-specific snapshot because LPG supply and prices can change rapidly with refinery output, imports and international energy markets.
Echotitbits take: Nigeria’s clean-cooking ambitions depend on a supply chain that can withstand external shocks. More domestic production, storage and import flexibility could reduce volatility, but consumers will still be sensitive to global energy prices.
Source: Punch – https://punchng.com/iran-war-triggers-cooking-gas-supply-crunch-nigeria-hit/, 2026-09-17 Punch
Photo Credit: Punch