Cooking Gas Prices Crash Nationwide as Dealers Release New Rates

Retail cooking gas prices have fallen across Nigeria, with dealers attributing the drop to improved domestic supply and lower depot prices. LPG depot prices now range between N1,005/kg and N1,030/kg, helping to ease wholesale costs for marketers.

Depot Prices Drop, Retailers Pass on Savings

On Friday, July 17, data from Petroleumprice.ng showed that LPG depot prices declined. 11 Plc sold at N1,025 per kilogram, Ardova at N1,020, Navgas at N1,005, NIPCO at N1,025, PPMC at N1,005, and Rain Oil at N1,030 per kilogram.

The lower wholesale prices have enabled many retailers to cut pump prices. Dealers expressed optimism that sustained supply will push retail prices closer to the N1,000 per kilogram benchmark.

Enugu and Lagos Markets See Sharp Reductions

Paul Okechukwu, who owns a cooking gas refilling plant in Amechi, Enugu, said prices have dropped significantly compared to June. According to him, LPG which sold between N1,700 and N1,900 per kilogram in June is now retailing at between N1,400 and N1,500 per kilogram, depending on the location within Enugu metropolis.

In Lagos, a dealer, Saheed Ademola, told Legit.ng that he now sells cooking gas at N1,500 per kg. He said: 'Last week, I reduced my price to N1,500 after my supplier sold to me at a lower rate. Prices will continue to fall.'

Another dealer, Obiora Ani, who operates in the Uwani area of Enugu, said the reduction reflects a nationwide trend driven by stronger product supply. He said: 'When you go to other places in the country, the price of cooking gas has reduced as well, not only in Enugu.'

Consumers Welcome Relief, Call for Further Cuts

Ani added that the lower prices have increased customer patronage as more households are returning to refill their cylinders. Residents said the price reduction has provided relief after months of elevated energy costs.

Nkechi Orji, a hairstylist in Achara Layout, Enugu, said cheaper cooking gas has reduced her family's dependence on firewood. She said: 'I am still appealing to the authorities to further bring down the price. If it comes down further, things will be better for everyone because the high cost of energy is seriously affecting all of us in Nigeria.'

Similarly, Joy Nwafor, a restaurant owner, urged the government to sustain policies that would lower cooking gas prices further, saying cheaper LPG would help restaurants and other food businesses reduce operating costs.

What This Means for Nigerian Consumers

The price crash offers immediate relief for households and small businesses that have struggled with high energy costs. If sustained supply keeps retail prices moving toward the N1,000/kg mark, more Nigerians may shift from firewood and kerosene to cleaner cooking gas, easing pressure on household budgets and the naira.