Cooking gas is now sold between N1,100 to N1,400 per kg, down from N1,900 to N2,400 per kg in June. The drop in price is attributed to the 24.4% increase in supply, which rose to 5.1 metric tonnes daily in June from 4.1 metric tonnes daily in May.

In June, cooking gas consumption dropped to 4.1 metric tonnes per day, a 10% decline from 4.5 metric tonnes per day in May. The ex-depot price of cooking gas also declined by 28.4% on a month-on-month basis to N20.4 million per 20 metric tonnes in July from N26.2 million in June.

The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Inyang Edu, attributed the price drop to the reduction in ex-depot price of cooking gas, which has led to a decrease in the price at the depots. He explained that before now, there was an intel of possible artificial scarcity, as some marketers hoard their products and store them at their plants.

However, after several meetings with the Federal Government, regulators, and stakeholders, depot owners and marketers were given a margin order to import the product. Mr. Edu added that the supply from Dangote and NLNG is consistent, and other suppliers are also expecting their products.

The price drop has been evident at some accredited gas plants in Lagos, as checks by Vanguard confirmed that one kg of cooking gas is currently sold at between N1,100 to N1,400 depending on the location.

Mr. Edu appealed to the Federal Government and stakeholders to continue working to reduce the price of cooking gas further, saying that they are hopeful the price will drop even more in the coming weeks.

In the same vein, the increase in supply and drop in price of cooking gas will have a positive impact on households and businesses that rely on the product, as it will reduce their expenses and improve access to the product.

According to Mr. Edu, the increase in supply is a result of the efforts of depot owners and marketers to boost the market, and he attributed it to the reduction in ex-depot price of cooking gas, which has led to a decrease in the price at the depots.

In the light of the price drop and increase in supply, it is expected that the market will become more competitive, leading to even lower prices for consumers.

The increase in supply and drop in price of cooking gas is a welcome development for households and businesses that rely on the product, as it will improve access to the product and reduce expenses.

The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Inyang Edu, attributed the price drop to the reduction in ex-depot price of cooking gas, which has led to a decrease in the price at the depots.

In response to the drop in price and increase in supply, the Federal Government and stakeholders have been urged to continue working to reduce the price of cooking gas further. The hope is that the price will drop even more in the coming weeks, further benefiting households and businesses.

The price drop and increase in supply of cooking gas have been attributed to the efforts of depot owners and marketers to boost the market, and the reduction in ex-depot price of cooking gas, which has led to a decrease in the price at the depots.

As a result of the price drop and increase in supply, households and businesses that rely on cooking gas are expected to benefit, as it will improve access to the product and reduce expenses.

According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, the ex-depot price of cooking gas declined by 28.4% on a month-on-month basis to N20.4 million per 20 metric tonnes in July from N26.2 million in June.

The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas increased on a month-on-month basis by 24 percent to 5.1 metric tonnes per day in June 2026 from 4.1 metric tonnes per day in May 2026.

However, the consumption of cooking gas dropped to 4.1 metric tonnes per day in June, representing a 10 percent decline from 4.5 metric tonnes per day in May 2026.

The drop in consumption and price of cooking gas will have a significant impact on households and businesses, as it will reduce their expenses and improve access to the product.

Key Facts

• The supply of Liquefied Petroleum Gas, LPG, also known as cooking gas increased on a month-on-month basis by 24 percent to 5.1 metric tonnes per day in June 2026 from 4.1 metric tonnes per day in May 2026. • The consumption of cooking gas dropped to 4.1 metric tonnes per day in June, representing a 10 percent decline from 4.5 metric tonnes per day in May 2026. • The ex-depot price of cooking gas declined by 28.4% on a month-on-month basis to N20.4 million per 20 metric tonnes in July from N26.2 million in June. • The price of cooking gas is now sold between N1,100 to N1,400 per kg, down from N1,900 to N2,400 per kg in June. • The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Mr. Inyang Edu, attributed the price drop to the reduction in ex-depot price of cooking gas, which has led to a decrease in the price at the depots.