The price of Liquefied Petroleum Gas (LPG), also known as cooking gas, has remained high despite marketers’ assurances that it would return to the pre-October range of N950–N1,000 per kilogram.
A visit to gas stations in Lagos showed that prices ranged between N1,200 and N1,400 per kg. At Gasland, Igando, and Mac Rich Gas Plant, Cele-Okota, the product sold for N1,200 per kg, while other outlets sold between N1,300 and N1,400 depending on location.
Some gas plant officials said, “Last month, we sold at N900–N950 per kg, but now it’s N1,200. We hope the price drops in the coming weeks.” Retailers buying in bulk (150–200kg) reportedly paid N1,104 per kg.
Outgoing President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Olatunbosun Oladapo, blamed the high price on supply backlogs, maintenance issues, and refinery logistics. However, he expressed optimism that prices will stabilize soon with Seplat Energy’s entry into the market and increased production from Dangote Refinery.
At the association’s 38th Annual General Meeting, Oladapo noted that Nigeria’s LPG consumption rose from 900,000 metric tonnes in 2021 to 2 million in 2025, and could reach 3 million by early next year. He attributed the growth to rising investments, government collaboration, and increased public acceptance of gas as a domestic energy source.