Retailers across Nigeria have confirmed a significant drop in the price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, with the average retail price now standing at ₦1,400 per kilogram, marking a notable relief for households nationwide.
The price reduction comes after months of steady increases that saw the commodity reach over ₦1,800 per kilogram in some parts of the country. Retailers attribute the recent decline to improved supply, stabilizing foreign exchange rates, and increased importation by major LPG marketers.
According to the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), the downward trend reflects efforts by stakeholders to make cooking gas more affordable and accessible to the average Nigerian family.
“We are pleased to see prices easing after a long period of volatility. The improved supply situation, coupled with the federal government’s recent interventions in the energy sector, has contributed significantly to this development,”
— Aminu Umar, President, NALPGAM
Market checks across major cities such as Lagos, Abuja, and Port Harcourt show that consumers are now paying between ₦1,350 and ₦1,450 per kilogram, depending on location and retail outlet. Dealers expressed optimism that prices could drop further if the current supply and exchange rate stability are maintained.
Industry analysts also noted that the availability of LPG from domestic producers, including the Nigeria Liquefied Natural Gas (NLNG) Limited, has improved in recent weeks, easing pressure on imports and reducing costs across the value chain.
“This is a welcome development for millions of Nigerian households struggling with rising living costs. Sustaining this price level will require continuous collaboration between the government, gas producers, and marketers,”
— Energy Analyst, Lagos Business School
Meanwhile, the Federal Government has reiterated its commitment to deepening gas utilization under the “Decade of Gas” initiative, aimed at promoting cleaner energy use and reducing dependence on kerosene and firewood.