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  • Cooking Gas Prices Drop Across Nigeria as Retail Cost Falls to ₦1,100 per Kg

    Retail prices of cooking gas have dropped across Nigeria following improved supply and lower depot prices recorded in late June, offering relief to households after months of sharp increases.

    Prices fall across major cities

    According to industry marketers, the price of Liquefied Petroleum Gas (LPG) now ranges between ₦1,100 and ₦1,650 per kilogram, depending on location.

    In Lagos, Ibadan and Abeokuta, consumers now pay between ₦1,100 and ₦1,350 per kg. In Benin City, Port Harcourt and Warri, prices range from ₦1,150 to ₦1,400 per kg.

    Residents of Onitsha and Enugu are buying cooking gas at between ₦1,200 and ₦1,450 per kg, while prices in Abuja currently range from ₦1,250 to ₦1,500 per kg.

    In Kano and Kaduna, retail prices stand between ₦1,300 and ₦1,550 per kg, while Maiduguri and parts of the North-East continue to record the highest prices of ₦1,350 to ₦1,650 per kg, largely due to transportation costs.

    Marketers cite improved supply

    The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Edu Inyang, attributed the price reduction to improved product availability and declining depot prices.

    The latest figures represent a significant drop from the ₦2,000 to ₦2,500 per kilogram recorded in several parts of the country between May and early June.

    Some areas have reportedly recorded even lower prices, although marketers noted that retail rates still vary depending on distribution costs and individual dealers.

    Further reductions expected

    Industry operators said wholesale depot prices have also declined in recent weeks, helping to reduce retail costs nationwide.

    They expressed optimism that cooking gas prices could fall further in the coming months if supply remains stable and distribution continues to improve.

     

  • Cooking Gas Prices Jump Nationwide as LPG Hits ₦1,700 Per Kg, Marketers Warn of Crisis

    Nigeria’s cooking gas market is facing fresh pressure as prices of Liquefied Petroleum Gas (LPG) surge sharply across the country, with marketers warning of worsening supply conditions and growing economic strain on households.

    The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says prices have climbed to between ₦1,500 and ₦1,700 per kilogram, up from about ₦1,300 in recent weeks, describing the development as “sad and very pathetic.”

    Gas Prices Hit New Highs

    According to the association, the rising cost has pushed a 12.5kg cylinder of cooking gas to over ₦21,000 in many parts of the country, making it increasingly unaffordable for average households.

    NALPGAM President, Edu Inyang, said marketers are now paying between ₦25.2 million and ₦26.2 million for a 20-metric-tonne truck at depots, a cost structure that is driving retail prices higher nationwide.

    Supply Shortages Driving Crisis

    The association blamed the price surge on supply shortages, reduced local production, high depot charges, and rising logistics costs.

    It also noted that Nigeria’s heavy reliance on imported LPG, despite its vast gas reserves, continues to worsen price instability in the domestic market.

    Households and Businesses Under Pressure

    The rising cost of cooking gas is already forcing many families to consider alternative cooking methods, including firewood and charcoal, raising concerns about health risks and environmental damage.

    Small businesses such as restaurants and food vendors are also feeling the impact, with fears that some may be forced to scale down operations or shut down completely if prices continue to rise.

    Calls for Urgent Government Intervention

    NALPGAM has called on the Federal Government, regulators, and the Nigerian National Petroleum Company Limited (NNPC) to urgently address supply bottlenecks and boost domestic production.

    Marketers warned that without immediate intervention, the situation could worsen and trigger further hardship for millions of Nigerians dependent on LPG for daily cooking.