Marketers give update on cooking gas price reduction in Nigeria

The Nigerian Association of Liquefied Petroleum Gas Marketers has issued an important update on LPG, known as cooking gas, prices in Nigeria.

The president of NALPGAM, Edu Inyang, said on Thursday that despite improved supply nationwide, cooking gas prices have yet to cool off as expected in Nigeria.

DAILY POST reports that cooking gas price stood between N1450 and N1700 per kilogram in Abuja and environs, up from around N1200 per kilogram in May 2026.

Speaking on the prevailing cooking gas price realities, Edu said the immediate impact of the federal government’s intervention in June 2026 was eased supply; however, the products still remain ‘stubbornly high.’

According to him, LPG consumers are yet to enjoy lower prices because of international prices remaining elevated, foreign exchange, and other challenges.

“The immediate impact has been greater product availability rather than lower prices.

“LPG retail prices remain stubbornly high. While prices have stopped escalating at the previous pace, consumers are yet to experience meaningful relief because international LPG prices remain elevated, foreign exchange costs continue to increase import expenses, transportation and inland distribution costs remain high, domestic production is still insufficient to fully satisfy national demand, and market competition has not yet driven prices downward,” he stated.