Latest Retail Prices for Cooking Gas Across Nigeria as Costs Fall to N1,150 per kg
By Aboki Forex —
Nigerians are now buying cooking gas for as little as N1,150 per kilogram at some major outlets, down from about N1,350 per kg last week. The price drop follows lower global oil prices and improved domestic supply.
Nigeria LNG Limited (NLNG) has dedicated 100 per cent of its liquefied petroleum gas (LPG), also known as cooking gas, to the Nigerian market. The company has stopped exports to boost local availability and make the product more affordable.
Why prices are falling
International crude oil prices have dropped sharply. According to Oilprice.com, Brent crude fell from a recent high of about $90 per barrel to around $84 per barrel, a five per cent decline. The move came after the United States announced a unilateral ceasefire involving Tehran.
West Texas Intermediate (WTI) crude also fell to $79.69 per barrel, while Murban crude traded at $80.23 per barrel. Both recorded similar declines.
The weaker global oil market has filtered into Nigeria's downstream petroleum sector, leading to lower LPG prices. A market survey shows retailers have adjusted prices downward in response to improved supply conditions and lower import costs.
Gasland slashes price to N1,150
Some major dealers have reduced prices further. Gasland, one of the country's leading LPG retailers, now sells cooking gas for N1,150 per kilogram at several outlets.
A manager at a Gasland plant in the Iju area of Lagos attributed the reduction to increased product availability and improved foreign exchange conditions.
"Major dealers have increased imports, hence the fall in prices. Also, the relative stability of the naira is a major contributor to the low prices," he said.
Street retailers also confirmed that accessing cooking gas has become much easier compared to recent weeks, suggesting supply challenges are easing.
Depot prices and outlook
Fresh data from PetroleumPriceNG show a broad decline in depot prices. The average depot price now stands at about N1,050 per kilogram.
Among depots with the lowest prices are Rainoil Lagos at N1,035 per kg, PPMC at around N1,050, and Matrix Warri at N1,065. 11Plc also remains among the most competitively priced LPG suppliers.
NLNG's decision to dedicate all its LPG production to the domestic market is expected to strengthen supply and reduce dependence on imports over time. The policy comes as many households face a rising cost of living and search for cheaper cooking energy.
The Federal Government has also removed import duty and Value Added Tax (VAT) on cooking gas, compressed natural gas (CNG) and electric vehicles. The Nigeria Customs Service (NCS) unveiled the tax incentives on Thursday, July 30, 2026, under the Presidential Gas for Growth Initiative.
What it means for consumers and the naira
With stronger local supply, lower depot prices, increased imports and relative exchange rate stability supporting the market, consumers are likely to continue benefiting from more affordable cooking gas in the weeks ahead. The naira's relative stability is also helping to keep import costs and retail prices in check.