Olusegun Adeyemo
The price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has continued to soar, defying assurances from marketers that it would return to its pre-October rate of between N950 and N1,000 per kilogram.
A market survey across several gas stations in Lagos on Monday revealed that the product is still being sold between N1,200 and N1,400 per kilogram, depending on location.
At Gasland, Igando in Ikotun, and Mac Rich Gas Plant at Cele-Okota, a kilogram of LPG was sold at N1,200, while other outlets retailed the product for N1,300 to N1,400.
Some gas plant operators, who spoke anonymously, lamented the price hike, saying the situation has been difficult to manage.
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“As of last month, we sold at N900 to N950 per kg, but now it’s N1,200. That’s the reality in the country right now. We only hope the price drops soon,” one dealer said.
Further findings showed that retailers who purchase in bulk quantities of 150 to 200 kilograms currently pay N1,104 per kilogram, which impacts retail pricing nationwide.
Speaking on the development, the outgoing President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Mr. Olatunbosun Oladapo, attributed the sustained high prices to supply backlogs, refinery maintenance, and logistics challenges.
However, he expressed optimism that prices would stabilize soon with improved domestic supply.
According to him, the entry of Seplat Energy into the LPG market, combined with increased output from the Dangote Refinery and other ongoing gas infrastructure projects, would help ease supply pressures and normalize prices.
Oladapo, who spoke during the association’s 38th Annual General Meeting (AGM), highlighted Nigeria’s growing consumption of LPG, which has risen from 900,000 metric tonnes in 2021 to 2 million metric tonnes in 2025.
“About four years ago, national consumption stood between 900,000 and 1 million metric tonnes. Today, it has reached 2 million metric tonnes, and by the first quarter of next year, we expect consumption to hit 3 million metric tonnes per annum,” he said.
He attributed the surge to increased private investment, government collaboration, and rising public adoption of gas as a domestic energy source.
The outgoing president noted that with sustained policy support under the Federal Government’s Decade of Gas Initiative, the association’s goal of achieving 6 million metric tonnes annual consumption is within reach.
“Through our partnership with the government, we have continued to deepen the penetration and future of LPG in Nigeria,” Oladapo concluded.