Cooking gas refuses to drop, now sells above N1,200 per kg

The price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has continued to soar across Lagos, despite earlier promises from marketers that the cost would drop back to the pre-October range of ₦950 to ₦1,000 per kilogram.

A market survey conducted across several gas stations in Lagos on Monday revealed that consumers are still paying significantly more for the essential household fuel. Prices currently range between ₦1,200 and ₦1,400 per kilogram, depending on the location.

At Gasland in Igando, Ikotun, as well as Mac Rich Gas Plant in Cele-Okota, cooking gas was sold for ₦1,200 per kilogram. However, other outlets across the city recorded higher prices, with some customers paying as much as ₦1,300 to ₦1,400 per kilogram.

Addressing the price issue, some officials of gas plants who spoke on condition of anonymity said: “As at last month, we sold cooking gas at N900 and N950 per kg, presently we retail at N1,200 per kg. This is the situation we find ourselves in the country. We hope the price drops further in the coming weeks.”

Further investigation revealed that retailers that buy the product in large quantities of between 150 to 200kg pay N1,104.

However, in a phone interview, the outgoing President of Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Olatunbosun Oladapo, blamed the sustained high price on backlog of unsupplied product, maintenance and refinery logistics, but he added that normalcy will return in the coming weeks.

He expressed optimism that normalcy will return with the entry of Seplat Energy gas into the market combined with increased production from Dangote Refinery and other ongoing investments in gas infrastructure which are expected to ease supply pressures and stabilise prices nationwide.

Speaking at the Association’s 38th Annual General Meeting, AGM, the outgoing President highlighted the country’s LPG consumption which rose from 900,000 metric tonnes in 2021 to 2million metric tonnes in 2025.

“About four years ago, national consumption of LPG was between 900,000 metric tonnes and 1 million metric tonnes. Today, it has risen to 2 million metric tonnes.

By the first quarter of next year, LPG consumption will hit 3 million metric tonnes per annum”.

(Vanguard)