Nigerian consumers are paying more for cooking gas and petrol following a rise in global oil prices triggered by fresh tensions involving the United States, Iran, and Israel.

Checks across major gas depots show that the price of liquefied petroleum gas (LPG) has increased by about ₦100 per kilogram. Gas that previously sold for around ₦800 per kg is now priced between ₦900 and ₦950 in several locations, raising costs for households and small businesses.

Petrol prices have also climbed in key cities such as Lagos, Abuja and Port Harcourt, with pump rates approaching ₦950 per litre, according to motorists.

Market operators say the increase is linked to fears of disruption along the Strait of Hormuz, a major route for global oil shipments. The uncertainty has driven crude oil prices close to $80 per barrel and pushed up shipping and insurance costs.

Locally, the adjustment followed a price review by Dangote Petroleum Refinery, which raised its ex-depot rate due to higher crude acquisition expenses.

Energy analysts warn that prices could rise further if the conflict persists. For Nigerian consumers already facing high food and transport costs, the latest development adds new pressure and highlights the country’s vulnerability to international oil market shocks.