Nigerian households are breathing a sigh of relief as cooking gas prices have experienced a significant drop across the country, with reductions exceeding N900 per kilogram in some areas. Industry experts predict this positive trend will continue in the coming weeks, bringing much-needed relief to consumers ahead of the festive season.
Substantial Price Reductions Recorded
Recent market reports indicate dramatic price changes for Liquefied Petroleum Gas (LPG) across major Nigerian cities. In the federal capital territory of Abuja, the price per kilogram has fallen to N1,500 from the previous N2,000 recorded just weeks ago. The reduction represents substantial savings for Nigerian families who rely on cooking gas for their daily needs.
Major industry players including NIPCO, AA Rano, Ranoil, and the Nigerian National Petroleum Company Limited (NNPCL) have implemented significant price adjustments. These key marketers are now offering LPG between N1,090 and N1,100 per kilogram, down from the previous rate of N1,200. This represents a reduction of over N900 compared to October prices, marking one of the most significant drops in recent months.
Industry Expert Predicts Further Reductions
Olatunbosun Oladapo, the immediate past President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), has expressed optimism about continuing price reductions. The seasoned industry professional attributed the current price drop to improved LPG supply now being witnessed in the Nigerian market.
"We still want the price of gas to come down further," Oladapo stated. "The festive season is approaching, and the most important thing is ensuring the product's availability. Let's see how the price goes in one or two weeks."
His comments highlight the industry's commitment to making cooking gas more affordable for Nigerians during the upcoming holiday period when demand typically increases.
Improved Supply Drives Price Reduction
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured consumers of stable LPG availability in the coming weeks. This confidence stems from increased vessel activity at coastal depots, with fresh consignments of LPG arriving between November 5 and 10, 2025.
According to PetroleumPrice.ng reports, these new supplies have been distributed across key locations including Lagos, Calabar, and Warri. The improved supply chain is expected to further ease retail prices by mid-month, providing additional relief to both households and businesses grappling with high energy costs.
This development comes as welcome news following earlier concerns about market dependence on single suppliers. Retailers had previously warned that the Dangote Refinery stood as the only major supplier of LPG to the domestic market, creating vulnerability to potential disruptions.
Ayobami Olarinoye, National Chairman of the Liquefied Petroleum Gas Retailers (LPGAR) under the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), had emphasized this concern: "As of now, the Dangote Refinery remains the sole supplier of cooking gas in the market. Its production alone is insufficient to meet Nigeria's domestic demand."
With the arrival of additional LPG vessels improving overall market supply, industry observers suggest the price of cooking gas could potentially fall to N900 per kilogram in the near future, representing even greater savings for Nigerian consumers.
The National Bureau of Statistics had previously documented varying cooking gas prices across different states in its latest Price Watch report. The current nationwide reduction aligns with efforts to create more uniform and affordable energy access across Nigeria.
