Cooking Gas Prices Drop Across Nigeria as Supply Improves

Prices of liquefied petroleum gas (LPG), popularly known as cooking gas, have begun to drop across Nigeria after weeks of sharp increases, following improved supply from refineries and depots, retailers have said.

According to market sources, the average price of cooking gas has now fallen to between ₦1,300 and ₦1,500 per kilogramme, compared to about ₦2,000 per kilogramme recorded just three weeks ago.

Retailers confirmed that the product is becoming more available, with noticeable improvement in supply. “The price is dropping but not yet back to the former level. It is now between ₦1,300 and ₦1,600, depending on the location,” a Lagos-based retailer said.

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While the market remains unstable, stakeholders expressed optimism that normalcy could return within a week if the current pace of supply continues. “There is considerable improvement. Hopefully, stability will be attained soon if supply is sustained,” another retailer added.

Consumers across major cities, including Lagos, Kano, Abuja, and Port Harcourt, confirmed the price reduction, expressing hope that the cost would drop further to around ₦900 per kilogramme or less.

Cooking gas prices had doubled in recent weeks following a strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) amid a dispute with the Dangote refinery, which disrupted supplies nationwide. Although the strike has since been suspended, prices remained high until recently.

Last week, the Minister of State for Petroleum Resources (Gas) warned marketers against hoarding and exploiting consumers, assuring that the government was taking measures to stabilise the market.

Distributors, however, accused off-takers of inflating prices between the refinery and retailers. Reports indicate that the Dangote refinery sold LPG at ₦15.8 million per 20,000 metric tonnes to major distributors, who resold between ₦18.4 million and ₦18.5 million.

Sources at the refinery denied responsibility for retail price fluctuations, stating that marketers purchase LPG at ₦715,000 per metric tonne (about ₦715 per kilogramme). They insisted that price regulation rests solely with the government under the Petroleum Industry Act.

Earlier, the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) blamed retailers for the previous price surge — a claim the retailers’ association described as unfair and misleading.