🎧
Listen to this article
The retail price of Liquefied Petroleum Gas (LPG), widely known as cooking gas, has maintained relative stability across major cities in Nigeria on Monday, August 31, 2026.
A nationwide market survey reveals that retail cooking gas prices currently average between ₦1,100 and ₦1,250 per kilogram at various filling plants and retail outlets, down significantly from the peak rates of ₦2,000 per kilogram recorded in mid-2026.
Under the current pricing structure, refilling a 5kg cylinder costs between ₦5,500 and ₦6,250, while a 12.5kg cylinder refill ranges between ₦13,750 and ₦15,625, depending on local distribution costs and proximity to coastal depots.
The price moderation observed over the past two months follows increased LPG import volumes combined with competitive price adjustments by major domestic operators, including the Dangote Petroleum Refinery and coastal depot owners such as NavGas, 11 PLC, and Ranoil.
At the depot level, wholesale LPG prices across Lagos, Port Harcourt, and Warri terminals are currently trading between ₦945 and ₦1,055 per kilogram, easing landing cost pressures for downstream marketers.
In major metropolitan hubs like Lagos and Ogun, retail gas plants are dispensing LPG between ₦1,100 and ₦1,150 per kilogram, while consumers in Abuja and surrounding North-Central states are paying between ₦1,180 and ₦1,220 per kilogram.
In more distant interior states across the North-East and South-East, retail refill rates range from ₦1,220 to ₦1,280 per kilogram, reflecting additional inland freight, haulage tariffs, and handling overheads.
Industry stakeholders under the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) have attributed the price stabilization to improved local supply allocations and reduced supply chain bottlenecks.
Energy experts note that while international LPG benchmarks remain sensitive to global crude market movements and foreign exchange fluctuations, increased domestic refining contributions continue to cushion domestic retail prices from severe price spikes.
No Comments