HOUSEHOLDS across parts of the country are beginning to experience relief as retail prices of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, decline following improved product supply and softer depot prices.
News Point Nigeria reports that the latest market update from gas marketers shows that retail LPG prices have started easing in major cities after weeks of elevated costs, although the reductions remain uneven due to differences in transportation expenses, distance from supply depots, and retailer margins.
Checks by marketers indicate that cooking gas now sells for between N1,100 and N1,350 per kilogramme in Lagos, Ibadan, and Abeokuta. Consumers in Benin City, Port Harcourt, and Warri are paying between N1,150 and N1,400 per kilogramme.
In Onitsha and Enugu, retail prices range from N1,200 to N1,450/kg, while Abuja consumers pay between N1,250 and N1,500/kg.
The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Edu Inyang, said northern cities such as Kano and Kaduna currently record prices of N1,300 to N1,550/kg, while Maiduguri and parts of the North-East still pay the highest rates, ranging from N1,350 to N1,650/kg, due to higher logistics costs of transporting products to the region.
Overall, Inyang said the national retail price range now stands at approximately N1,100 to N1,650 per kilogramme, although some neighbourhood retailers still charge above this bracket where distribution costs remain elevated.
The latest development marks a reversal from the sharp price increases recorded from May, when supply tightness and rising depot prices pushed cooking gas costs significantly higher across several parts of the country.
According to the NALPGAM president, the recent decline is driven by improved product availability from both domestic production and imports, as well as lower depot prices. He also attributed the easing to increased competition among marketers and the disappearance of panic buying that previously strained supply.
He explained: “Following reports of improved LPG supply and softer depot prices in late June 2026, retail cooking gas prices have started easing in some markets, although the reduction has not been uniform across Nigeria. Transport costs, distance from depots, and retailer margins still create noticeable differences between cities.
“Overall, the national retail range is roughly N1,100 to N1,650 per kilogramme, with some neighbourhood retailers charging slightly above this range where logistics costs remain high. The recent easing reflects lower depot prices as supply improved, increased product availability from domestic sources and imports, reduced panic buying and hoarding after government market interventions, and more competition among marketers in major cities.”
The development is expected to bring some relief to households grappling with rising living costs, although industry players caution that prices will likely continue to vary depending on local distribution expenses.
Based on current retail levels, a 5kg cylinder refill now costs between N5,500 and N8,250, while a 6kg refill ranges from N6,600 to N9,900. A standard 12.5kg cylinder refill is expected to cost between N13,750 and N20,625 depending on location and retailer.
Despite the improvement, marketers say retail prices are yet to fully stabilise nationwide, noting that communities far from major LPG depots may continue to experience higher prices due to transportation constraints.
Industry operators remain optimistic that sustained supply from local producers, combined with steady imports, will further ease prices in the coming weeks, provided there are no disruptions in logistics or distribution chains.
The National Chairman of the Liquefied Petroleum Gas Retailers Branch of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Ayobami Olarinoye, also said normalcy is gradually returning to the sector.
However, Olarinoye, whose members operate neighbourhood gas outlets, said retail prices currently range between N1,600 and N1,800/kg.
He said: “The inflow and supply are gradually getting back to normal. There is more availability.
“The price is also coming down gradually. As of today (Monday), we buy from between N1,300 and N1,500 per kg from the marketers (plant operators), depending on the locations, while we sell between N1,600 and N1,800 per kg to consumers. This also depends on the location and associated logistics.”
This newspaper had earlier reported that as cooking gas prices rose by about 140 per cent in many parts of the country, marketers moved to finalise plans to import the product on a large scale to improve affordability and availability.
Prices, which stood at an average of N1,000 per kilogramme in January and February, surged to as high as N2,400 between May and June. In response, the regulator began issuing licences for LPG importation after local producers were unable to meet domestic demand, according to industry stakeholders.
Meanwhile, the Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, intervened by warning operators against hoarding and profiteering practices.