Energy crisis continues as cooking gas price rises to ₦1,500 per kg

The price of Liquefied Petroleum Gas, commonly known as cooking gas, has jumped by 14.3 per cent over the past month. It's now selling for ₦1,500 per kilogram, up from ₦1,300 from last month's rate.

At the same time, the wholesale price at the depot has also climbed, increasing by 16.7 percent compared to last month. This brings the cost for 20 metric tonnes up from ₦18 million to ₦21 million.

Reports suggest that you can now find cooking gas being sold for as much as ₦1,500 per kilogram in various places around the country.

Mr. Inyang Edu, the National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, confirmed that the depot price has indeed reached ₦21 million. He added that this price hike has drastically reduced what people in Nigeria can afford to buy.

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According to Mr. Edu, because of these higher prices, gas dealers are seeing much lower sales at their plants. Many consumers are now turning to alternative sources of energy instead.

“The depots sell ₦1,065,000 per metric ton, which gives a total of over ₦21 million for 20 metric tonnes. The depots include Rainoil, Nipco, Mobil, and Ardova. Before now, Nipco sold for ₦19.5 million per 20 metric tonnes, but it has now been increased to ₦21 million”.

Commenting on the cause of the sharp increase, Inyang said it was related to the Middle East crisis, as it has affected not only cooking gas but also other petroleum products.

On supply from Dangote refinery, Inyang noted, “the refinery sells at a cheaper rate of about N16 million for 20 metric tonnes to their off-takers, who then include their profits, making the products high for marketers to buy.

He added, “The supply from Dangote is limited, he recently announced that he only gets five out of 13 crude oil allocations it required, as he imports crude oil to refine here in Nigeria”.

“This will continue to hamper the price of petroleum products, coupled with the Middle East crises that have disrupted oil production”.

Cooking gas prices have historically been volatile in Nigeria, fluctuating with global market conditions and local logistics bottlenecks. Even though Nigeria is the biggest gas producer on the continent, it still has to import a large chunk of its LPG, more than 60%, as a result of inadequate facilities to process and store it. 

Last year, the National Bureau of Statistics (NBS) reported that the average price to refill a 12.5-kilogram gas cylinder jumped from ₦9,000 in October 2023 to around ₦16,000 in August 2025. That’s a 78% hike in under two years.