Cooking Gas Prices Fall Across Nigeria, Lagos Records Lowest Rates at N1,200/kg

Cooking gas prices have dropped significantly across Nigeria over the past three weeks, with Lagos recording the lowest retail rates at N1,200 per kilogram. Households are beginning to feel relief as the cost of Liquefied Petroleum Gas (LPG) declines from recent highs of N1,450 to N1,500 per kilogram.

Retail Prices Drop Across Major Cities

A market survey by Legit.ng shows that filling stations and gas outlets in several parts of the country have reduced prices. In Lagos, Gasland depot in the Iju area now sells cooking gas at N1,200 per kilogram, down from N1,450 just a week ago. In Abuja, prices have eased across major retail outlets. Ranoil dispenses LPG at N1,350 per kilogram, Shafa at N1,300, and AP Ardova at N1,400 per kilogram. These are lower than the previous range of N1,450 to N1,500 recorded earlier in the month.

Across communities such as Dawaki, Kubwa, Gwarampa, and Lugbe in the Federal Capital Territory, many retailers have reduced prices to around N1,500 per kilogram, compared with approximately N1,700 per kilogram in previous weeks, according to Daily Trust.

Depot Prices Stable Below N1,030/kg

Industry data from PetroleumPriceNG indicates that LPG depot prices have remained between N997 and N1,030 per kilogram, a notable drop from the N1,100 per kilogram levels seen previously. The lower depot prices are gradually filtering into the retail market, with consumers beginning to benefit from cheaper refill costs.

Supply Boost Drives Down Costs

The latest decline comes as supply in the domestic LPG market continues to improve. Industry observers attribute the softer prices to increased availability from major suppliers, including Dangote, alongside a sharp rise in imports. According to data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for June 2026, Nigeria's LPG imports surged by an impressive 1,400 per cent, reaching 1.5 kilotonnes per day. The increase in supply has eased pressure on the market, helping to moderate wholesale prices and encouraging retailers to lower pump prices.

What This Means for Consumers

With depot prices remaining stable at lower levels and supply expected to stay strong, consumers could see cooking gas prices remain relatively affordable in the coming weeks, provided market conditions and exchange rates remain favourable. For Nigerian households, the price cuts offer much-needed relief from persistent inflationary pressures on household energy costs.