After weeks of sharp increases, the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has begun to decline across Nigeria following improved product supply and lower depot prices, raising hopes of further relief for millions of households.
The downward trend comes after recent interventions by the Federal Government and industry stakeholders to address supply shortages that had pushed cooking gas prices to record levels in several parts of the country.
Market surveys indicate that retail prices have started moderating, although they continue to vary across locations due to transportation costs, distribution challenges and proximity to major supply depots.
In Lagos, Ibadan and Abeokuta, cooking gas now sells for between ₦1,100 and ₦1,350 per kilogramme, while consumers in Benin City, Port Harcourt and Warri pay between ₦1,150 and ₦1,400 per kilogramme.
In the South-East, residents of Onitsha and Enugu are buying the product at between ₦1,200 and ₦1,450 per kilogramme. In the Federal Capital Territory, Abuja, prices currently range from ₦1,250 to ₦1,500 per kilogramme.
Northern cities such as Kano and Kaduna record prices of ₦1,300 to ₦1,550 per kilogramme, while consumers in parts of the North-East continue to pay the highest prices, with cooking gas selling for as much as ₦1,650 per kilogramme because of higher transportation and logistics costs.
The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Edu Inyang, attributed the easing prices to improved domestic supply, increased imports and declining depot prices.
He noted that the arrival of additional cargoes and improved distribution have helped stabilise the market after weeks of scarcity.
For households, the current prices mean that refilling a standard 12.5kg cooking gas cylinder now costs between ₦13,750 and ₦20,625, depending on location, while a 6kg cylinder costs between ₦6,600 and ₦9,900.
Industry operators expressed optimism that prices could decline further in the coming weeks if supply remains steady and logistics improve. They also urged marketers to pass on the benefits of lower depot prices to consumers, ensuring that households fully benefit from the improving market conditions.
