Will the published LPG depot price at any of the preselected major Nigerian cooking-gas depots increase by at least 5% between October 15 and October 23, 2026?

Outcome: YES

How this forecast is settled

Will any selected Nigerian cooking-gas depot raise its published price by at least 5% before October 24?

Resolution

Yes, the published LPG depot price at a major Nigerian cooking-gas depot increased by at least 5% between October 15 and October 23, 2026. Specifically, Navgas raised its LPG depot price by 6.38%, moving from ₦1,175 per kilogram on October 20 to ₦1,250 per kilogram by October 22, 2026, due to rising international crude oil benchmarks. Other prominent depots also instituted hikes during this exact window, though theirs fell short of the 5% threshold: 11Plc and Nipco increased prices by 3.81% (from ₦1,180 to ₦1,225 per kg), while Techno Oil and Rainoil adjusted upward by 2.56% (from ₦1,170 to ₦1,200 per kg).

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