Nigerian households have received some relief as the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has dropped in many parts of the country. The reduction comes at a time when families are still coping with rising expenses for food, transportation, and other energy needs.
Current Cooking Gas Refill Prices
Recent market surveys indicate that cooking gas is now selling at an average rate of ₦1,000 per kilogram, with refill costs varying according to cylinder size:
- 1kg: ₦1,000
- 2kg: ₦2,000
- 4kg: ₦4,000
- 5kg: ₦5,000
This adjustment has eased pressure slightly for households that rely heavily on gas for daily cooking.
What Could Push Cooking Gas Prices Up Again?
Despite the current reduction, several factors could still trigger a future increase in LPG prices across the country.
Weakening of the Naira
The continued depreciation of the naira against the US dollar raises the cost of importing LPG and related inputs. Although Nigeria has significant gas reserves, a large portion of cooking gas supply still depends on imported products or imported processing components.
Increase in Global LPG Prices
Rising demand for LPG in international markets, particularly in Europe and Asia during colder seasons, has pushed up global prices. Nigeria’s exposure to these global trends often reflects in local pricing.
Higher Distribution and Transport Expenses
Moving LPG from seaports to storage facilities, filling plants, and retail outlets has become more expensive due to rising diesel prices and security challenges on major transport routes.
Taxes and Regulatory Charges
Although there have been government assurances regarding VAT removal on LPG, inconsistent tax implementation and increasing regulatory levies continue to influence the final price paid by consumers.
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