Cooking gas price sells at N1,200 per kg

Cooking gas price sells at N1,200 per kg

The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has remained stubbornly high across Lagos and other parts of the country, defying earlier assurances from marketers that prices would return to the pre-October range of ₦950 to ₦1,000 per kilogram.

A market survey conducted across several gas stations in Lagos on Sunday revealed that LPG is currently retailing between ₦1,200 and ₦1,400 per kilogram. At Gasland in Igando and Mac Rich Gas Plant in Cele-Okota, the product was sold at ₦1,200 per kg, while other outlets charged as much as ₦1,300 to ₦1,400, depending on location.

Operators at some of the gas plants, who spoke on condition of anonymity, attributed the price hike to prevailing economic challenges. “Last month, we sold at ₦900 to ₦950 per kg. Now, it’s ₦1,200. That’s the reality we’re facing. We hope prices will drop in the coming weeks,” one operator said.

Further findings indicated that bulk buyers purchasing between 150kg and 200kg are paying around ₦1,104 per kg, suggesting that retail markups are contributing to the higher consumer prices.

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In a phone interview, the outgoing President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Mr. Olatunbosun Oladapo, attributed the sustained high prices to a backlog of unsupplied products, ongoing maintenance activities, and refinery logistics challenges. However, he expressed optimism that the situation would improve soon.

“With the anticipated entry of Seplat Energy’s gas into the market and increased output from the Dangote Refinery, alongside other investments in gas infrastructure, we expect supply pressures to ease and prices to stabilize,” Oladapo stated.

Speaking at the association’s 38th Annual General Meeting, Oladapo highlighted the significant growth in LPG consumption, which has surged from 900,000 metric tonnes in 2021 to 2 million metric tonnes in 2025. He projected that consumption would reach 3 million metric tonnes annually by the first quarter of 2026.

He credited the growth to increased private sector investment, government collaboration, and rising public adoption of gas as a cleaner domestic energy source. “With sustained policy support and private sector participation, our target of 6 million metric tonnes is within reach,” he said.

Oladapo also praised the Federal Government’s Decade of Gas initiative, noting that it has played a pivotal role in deepening the future of LPG usage in Nigeria.

Cooking gas price sells at N1,200 per kg