Thursday, August 6, 2026

Cooking Gas Prices Fall Across Nigeria as Supply Improves

Cooking Gas Prices Fall Across Nigeria as Supply Improves

Cooking gas prices have started declining in several parts of Nigeria, providing relief to households that have struggled with rising energy costs over the past year.

Market checks in Kano, Oyo, and Lagos states show that the retail price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has dropped due to increased local production, higher imports, and lower wholesale prices.

In Kano, cooking gas now sells between ₦1,400 and ₦1,600 per kilogram, down from the previous ₦1,700 to ₦1,800 per kilogram, which had pushed the cost of refilling a standard 6kg cylinder above ₦10,000.

Despite the reduction, some residents said they are yet to fully benefit from the lower prices. Many households had switched to buying smaller quantities of gas or combining LPG with charcoal to cut expenses.

In Ibadan, prices have fallen to between ₦1,350 and ₦1,500 per kilogram, compared to ₦1,800 to ₦2,000 just a month ago. Retailers say the lower prices have attracted more customers back to using cooking gas.

Similarly, in Lagos, LPG now sells for ₦1,500 to ₦1,550 per kilogram. However, many residents say they continue to purchase smaller quantities because of ongoing pressure on household budgets.

Industry experts attribute the price decline to a sharp rise in imports and improved domestic supply. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) indicate that LPG imports surged significantly in June 2026, boosting product availability nationwide.

The Federal Government has also removed import duties and Value Added Tax (VAT) on cooking gas, compressed natural gas (CNG), and electric vehicles under the Presidential Gas for Growth Initiative. The policy is expected to further reduce the cost of cooking gas and encourage cleaner energy use.

In addition, Nigeria LNG Limited (NLNG) has announced that it will now dedicate all of its LPG production to the domestic market, ending exports. The company says the move will increase local supply, promote cleaner cooking, and reduce dependence on firewood and charcoal.

Industry stakeholders believe these developments could lead to further reductions in cooking gas prices in the coming months, offering much-needed relief to Nigerian households.

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