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Price Of Cooking Gas Expected To Drop Across Nigeria

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2 years ago

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Price Of Cooking Gas Expected To Drop Across Nigeria

The price of liquefied petroleum gas (LPG), commonly known as cooking gas, is significantly decreasing, providing much-needed relief to consumers in several states, including Ogun, Lagos, and Oyo. Recent interactions with consumers revealed to Punch that the current average cost of 1 kilogram of cooking gas is around ₦1,000 or below, depending on the location and seller……CONTINUE READING....KINDLY READ THE FULL STORY HERE▶

 

 

 

This decrease marks a stark contrast to the prices observed between February and March when the cost of LPG soared to around ₦1,300 per kilogram in some areas. According to the National Bureau of Statistics (NBS), the price of refilling a 12.5kg cylinder of cooking gas increased by 46.88% over one year, reaching ₦15,060.38 in February 2024 compared to ₦10,253.39 in February 2023. The NBS further noted that the average retail price for refilling a 12.5kg cylinder of LPG rose by 28.33% within just one month—from ₦11,735.72 in January 2024 to ₦15,060.38 in February 2024.

Among the states, Ogun recorded the highest average retail price at ₦16,375, closely followed by Delta at ₦16,333, and Edo at ₦16,321. However, recent checks indicate that prices are gradually decreasing nationwide, which some attribute to the rebound of the naira in April from about ₦1,900 per dollar to about ₦1,500 currently.

While the Federal Government has committed to taking further measures to reduce the domestic price of LPG, industry operators express concerns that prices may rise again. Speaking to Punch, Adedokun Ojo, a resident of Abule Egba in Lagos, reported purchasing 1kg of LPG at ₦940 at a local Mobil station. “LPG is now ₦940 per kg. I still bought it yesterday evening at Mobil in Abule Egba,” Ojo said.

Similarly, Uzor Nneka, a resident of Enugu, disclosed that she got a kilogram of gas for ₦1,000 at the Romchi plant in Enugu. Jonathan Igbowu, a resident of the Idiroko border community of Ogun State, revealed, “1kg of cooking gas used to be ₦1,300 before, but now it is ₦1,050. The price is coming down.”

It was observed that prices differ in Idiroko based on the seller. Nojim Ajani stated that 1kg of LPG was ₦750 in the Aferiku area of the town recently. Mr. Ibrahim Ogunleye mentioned that the product sold for ₦1,200 in Offa, Kwara State, saying it used to be ₦1,400 some weeks ago. Similarly, Mr. Quadri Yusuf, who lives in Idi-Aba, Abeokuta, said the price of cooking gas is now ₦800/kg, down from ₦1,200 in April. However, Muraina Akintunde in Ayetoro regretted that LPG sellers now charge ₦1,200/kg in the area, stating that it used to be ₦1,400 until the last week of May. In Ilaro, Folake Ogunwemimo said a kilogram of LPG costs ₦1,100, while Kazim Ajose bought it for ₦970 at Sango-Ota, Ogun State.

Speaking on the development, the Minister of Petroleum Resources (Gas), Ekperikpe Ekpo, credited the reduction in LPG prices to efforts by the Federal Government and relevant regulatory agencies to increase the volume of domestically produced cooking gas entering the local market. Ekpo, through his media aide Louis Ibah, emphasized that the domestication of LPG production has reduced dependence on imported LPG, mitigating costs associated with foreign exchange fluctuations. “The reduction in the price of LPG is due to efforts by the Federal Government, the Ministry of Petroleum Resources (Gas), and regulatory agencies to increase the volume of domestically produced LPG,” he said.

The minister assured that prices would continue to drop as more domestically produced LPG enters the market. However, the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) expressed concerns about a potential price surge. Bassey Essien, the Executive Secretary of NALPGAM, pointed out that the reduction due to the naira rebound might be temporary as gas is priced in dollars. Essien highlighted the need for the government to address local pricing of gas to ensure stability.

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Security Breach Scandal! Peter Obi Accused Of Orchestrating Identity Fraud At International Airport!.

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6 hours ago

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July 17, 2026

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A petition dated July 12, 2026, has been submitted to Aviation Minister Festus Keyamo, the Nigerian Civil Aviation Authority (NCAA), and the Economic and Financial Crimes Commission (EFCC) regarding serious security allegations. An anonymous individual, identifying as an aviation industry worker, is calling for a formal investigation into claims that Peter Obi, the presidential candidate for the Nigeria Democratic Congress (NDC), facilitated travel for a media aide using multiple identities.....KINDLY READ THE FULL STORY HERE▶

  • Circumventing Restrictions: The petitioner claims that Obi’s media aide was previously barred from flying with Air Peace due to alleged misconduct but continued to travel on the airline using different names.

  • Obi’s Alleged Involvement: The petition alleges that Obi repeatedly made arrangements to help the aide evade these airline restrictions and often accompanied her on these flights.

  • Interference with Security: It is further alleged that when traveling with this aide, Obi prevented airport staff from performing necessary identity verification procedures.

  • Evidence Cited: The petitioner claims to have attached evidence of flight tickets and Passenger Name Records (PNR) to the document to support these claims.

  • Safety Concerns: The document argues that these actions compromise aviation security and undermine the ability of airlines to enforce safety and identification protocols.

As of the report’s filing, these allegations remain unverified, and Peter Obi has not issued a public response.

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From Rivals To Rescue? Keyamo Stuns Public With Offer To Settle Peter Obi’s Airport Debt!.

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6 hours ago

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July 17, 2026

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Aviation Minister Festus Keyamo has agreed to a proposal by Mr. Nnaemeka Ikerionwu to pay the ₦25,000 airport parking fine issued to Peter Obi, the presidential candidate for the Nigerian Democratic Congress (NDC).....KINDLY READ THE FULL STORY HERE▶

  • Origin of the Fine: The fine was imposed after Peter Obi allegedly violated parking regulations at the Nnamdi Azikiwe International Airport in Abuja.

  • Context of the Dispute: Keyamo previously issued a seven-day ultimatum for Obi to pay the fine and publicly apologize to airport staff following claims Obi made in a podcast interview that he was being targeted and harassed at the airport.

  • Evidence Provided: To address Obi’s allegations of unfair treatment, Keyamo released CCTV footage showing the moment the parking violation occurred.

  • Resolution and Reaction:

    • Following an offer to pay the fine by Ikerionwu, Keyamo instructed him to contact the Director of Commercial and Business Development at the Federal Airports Authority of Nigeria (FAAN) to arrange payment.

    • Despite accepting the payment, Keyamo still expects an apology from Obi to the airport officials.

    • Keyamo stated that the ministry successfully refuted Obi’s claims and warned the candidate to avoid making “outlandish” statements in the future intended to secure “sympathy votes”.

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Nationwide Renaming Spree! Major Landmarks Across Nigeria Now Bear President Tinubu’s Name!.

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6 hours ago

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July 17, 2026

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The Federal Government has officially renamed the 750-kilometre Lagos-Calabar Coastal Highway as the President Bola Ahmed Tinubu Coastal Highway. Minister of Works David Umahi explained that this decision honors the President, noting that the project’s original vision began nearly 30 years ago during Tinubu’s time as the Governor of Lagos State.....KINDLY READ THE FULL STORY HERE▶

This recent renaming, announced on July 16, 2026, joins a significant and growing list of public assets and institutions that have been named or established in President Tinubu’s honor since he took office in May 2023.

Public Assets Named After President Tinubu

  • Bola Ahmed Tinubu International Airport, Minna: In March 2024, the airport—formerly the Abubakar Imam International Airport—was renamed by Governor Umar Bago to acknowledge the President’s support for Niger State.

  • Bola Ahmed Tinubu Way, Abuja: Following its reconstruction in May 2024, the Abuja Southern Parkway, which connects the Christian Centre to Ring Road One, was renamed by FCT Minister Nyesom Wike.

  • Bola Tinubu Building (National Assembly Library): Inaugurated by the President in May 2024, this newly completed library was named in his honor by the National Assembly.

  • Bola Ahmed Tinubu Technology Innovation Complex (BATTIC): Formerly the Nigeria Immigration Service command and control centre, this facility was renamed in December 2024 to serve as a hub for border security and technological innovation.

  • Bola Ahmed Tinubu Polytechnic, Gwarinpa: Established in January 2025 by the Federal Government, this institution focuses on entrepreneurial, vocational, and technical education.

  • Bola Ahmed Tinubu Barracks, Asokoro: Named by the Nigerian Army in January 2025, this new military facility features operational infrastructure, residential quarters, and sporting amenities.

  • Tinubu International Conference Centre (ICC), Abuja: Following comprehensive renovations, the Abuja International Conference Centre was renamed in June 2025 by the FCT Administration.

With the inclusion of the Lagos-Calabar Coastal Highway, at least eight major public facilities or infrastructure projects have been renamed or established to bear the President’s name during his administration.

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