Cooking Gas Prices Swing Again: Depots Cut Rates After Sharp Hikes

Nigerian cooking gas depots have slashed prices by up to N70 per kilogramme just 24 hours after raising rates by as much as 7.3 per cent. The reversal leaves households, retailers and businesses facing fresh uncertainty over LPG costs.

On Tuesday, August 25, 2026, major LPG depots increased prices sharply. The next day, some cut rates. Retailers have responded by adjusting their own prices, with cooking gas now selling for between N1,300 and N1,350 per kilogramme in some locations.

Mixed Depot Prices, Wide Retail Gap

Fresh industry data from PetroleumPriceNG on Thursday, August 27, 2026 showed mixed movements across major depots. Some operators cut prices while others raised them.

AYM Shafa listed at N1,055 per kilogramme. Matrix Warri sold at N1,050 per kilogramme. In contrast, NAVGAS and PPMC kept prices below the N1,000 mark, with both at N985 per kilogramme.

The gap between depot and retail prices remains wide. Distributors factor in transportation, operating costs and other expenses before selling to households. That pushes final prices well above depot levels.

Volatility Driven by Many Forces

Industry experts attribute the swings to uncertainty in Nigeria's downstream petroleum market, movements in international energy prices and geopolitical tensions, particularly in the Middle East.

Several factors affect LPG pricing: international crude oil benchmarks, exchange rates, supply conditions, transportation costs and local market dynamics. Any shift in these can change the final price paid by consumers.

The latest cuts offer little certainty that reductions will last. Some depots are cutting, others are increasing. The market remains highly fluid. Consumers may get temporary relief where retailers pass on lower depot prices, but another upward movement is possible if supply costs or international conditions change.

Dangote Cuts LPG Price Again

Meanwhile, Dangote Refinery has reduced its LPG price from N950 to N935 per kilogramme. That is a N15 decrease and brings the refinery's total LPG price reduction this month to N165 per kilogramme.

For Nigerian households already dealing with rising living costs, the unstable LPG market means cooking gas prices could stay a major concern in the days ahead. Even small movements in price per kilogramme translate into higher monthly expenses for families that rely heavily on LPG for cooking.