Nigeria is seeing a welcome drop in cooking gas prices as the supply of Liquefied Petroleum Gas (LPG) continues to improve, offering relief to households struggling with rising energy costs.
Fresh data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that LPG supply increased by 24 percent month-on-month to 5.1 metric tonnes per day in June 2026, up from 4.1 metric tonnes per day recorded in May. The figures were contained in the regulator’s June 2026 Fact Sheet.
Despite the increase in supply, national LPG consumption declined by about 10 percent during the same period. Daily consumption fell to 4.1 metric tonnes in June from 4.5 metric tonnes in May, indicating that demand eased even as more product became available in the market.
The improved supply has also driven down prices at the depot level. According to industry data, the ex-depot price of cooking gas dropped by 28.4 percent to N20.4 million per 20 metric tonnes in July, compared to N26.2 million in June.
The price reduction is already being reflected at retail outlets. A market survey in Lagos found that accredited gas plants are now selling cooking gas for between N1,100 and N1,400 per kilogram, significantly lower than the N1,900 to N2,400 per kilogram charged in June.
National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Inyang Edu, attributed the decline to sustained engagement between marketers, the Federal Government and industry regulators. He explained that authorities directed depot owners and marketers to import products based on approved supply margins, helping to improve availability across the country.
Edu also revealed that concerns over possible artificial scarcity prompted the intervention. According to him, some marketers had allegedly been hoarding products, creating fears of supply shortages that could have pushed prices even higher. He said the new supply measures have reduced that risk and encouraged a steadier flow of LPG into the market.
Looking ahead, Edu expressed optimism that cooking gas prices could fall further in the coming weeks. He noted that supply from Dangote and the Nigeria LNG (NLNG) remains stable, while additional shipments from other suppliers are expected to boost availability and sustain the downward price trend.
