Cooking Gas Prices Drop in Nigeria After Weeks of Sharp Increases
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| Cooking Gas Prices Drop in Nigeria After Weeks of Sharp Increases |
Cooking gas prices in Nigeria have dropped from ₦2,000 to between ₦1,300 and ₦1,500 per kilogram after weeks of sharp increases, as supply improves nationwide.
Relief for Nigerians as LPG Prices Begin to Fall
After several weeks of soaring costs, Nigerians can finally breathe a sigh of relief as the price of Liquefied Petroleum Gas (LPG) — popularly known as cooking gas — begins to decline nationwide. Retailers across major cities have confirmed a significant price reduction, with gas now selling between ₦1,300 and ₦1,500 per kilogram, compared to the previous high of ₦2,000.
According to reports from Naija News and other credible sources, this welcome development follows a gradual increase in LPG supply across the country.
Why Cooking Gas Prices Are Dropping
The fall in gas prices didn’t happen overnight. According to Ayobami Olarinoye, Chairman of the Liquefied Petroleum Gas Retailers Association of Nigeria (LPGARAN), the price reduction is due to improved supply and distribution across Nigeria’s major gas depots.
He explained that,
“The product is gradually circulating. There is an increase in supply. The price is dropping, but not yet back to the former price. It is now between ₦1,300 and ₦1,600, depending on the location.”
While the market remains unstable, Olarinoye noted that consistent supply could stabilize prices within a week — a development that will bring much-needed relief to millions of Nigerian households.
Government Intervention and Market Stabilization
The Federal Government, through the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has also stepped in to address the price hike crisis. On October 13, 2025, the minister warned against hoarding and profiteering by gas marketers, urging them to act responsibly.
Ekpo emphasized that the government will not hesitate to clamp down on individuals or companies taking advantage of consumers during this volatile period. His statement aligns with the government’s broader efforts to ensure affordable and stable energy prices for Nigerians.
For more information on official government energy policies, you can visit the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) website.
Current Cooking Gas Prices Across Nigeria
Although prices vary depending on location and supplier, the latest data shows a general downward trend nationwide. Here’s a quick look at the average LPG prices as of mid-October 2025:
| Location | Previous Price (₦/Kg) | Current Price (₦/Kg) |
|---|---|---|
| Lagos | 2,000 | 1,400 |
| Abuja | 1,950 | 1,500 |
| Port Harcourt | 1,900 | 1,350 |
| Kano | 1,850 | 1,300 |
Note: Prices may continue to fluctuate depending on supply and demand conditions.
For daily price updates, you can follow reliable platforms like Punch Newspapers or Nairametrics, which provide accurate business and energy market insights.
What Consumers Should Expect Next
While the recent drop is encouraging, experts warn that stability depends on sustained supply and market transparency. Consumers are advised to:
- Buy only from verified LPG retailers to ensure quality and accurate pricing.
- Monitor updates from official energy regulatory websites and trusted news outlets.
- Avoid panic-buying or storing excessive quantities of gas at home due to safety concerns.
If the Federal Government maintains consistent supply and continues its regulatory oversight, prices could return to pre-hike levels soon.
The Broader Impact of LPG Price Reduction
The stabilization of cooking gas prices has far-reaching implications:
- Reduced Household Burden: Many Nigerian families heavily rely on LPG for daily cooking. A price drop directly translates to lower living costs.
- Business Relief: Small-scale food vendors, restaurants, and caterers can now operate more profitably.
- Economic Confidence: A stable gas market strengthens confidence in Nigeria’s energy sector and supports economic recovery efforts.
A Positive Sign for Nigerian Households
The recent drop in cooking gas prices marks a positive turn after months of financial strain for many Nigerians. While market stabilization remains a work in progress, improved supply and government intervention show promising signs of long-term relief.
To stay informed about further price changes, visit credible energy platforms like Naija News and Punch NG.
Stay updated with the latest Nigerian energy and gas price news by subscribing to your favorite reliable news outlets. Follow NMDPRA for official energy market updates and join the conversation on how government policies impact fuel and gas pricing.
