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Cooking Gas Prices Tumble Nationwide as Petrol Costs Drop – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has credited the recent decline in cooking gas prices to a reduction in the cost of Premium Motor Spirit (PMS), widely known as petrol.....KINDLY READ THE FULL STORY HERE▶
A market survey conducted in Abuja revealed that the price of refilling a standard 12.5kg Liquefied Petroleum Gas (LPG) cylinder has decreased from ₦17,500 to ₦16,250. This reflects a new rate of ₦1,300 per kilogram, down from ₦1,400 the previous month.
At various outlets across the Federal Capital Territory, 1kg of LPG now sells for between ₦1,050 and ₦1,150, compared to the earlier range of ₦1,200 to ₦1,400 depending on location. Similar reductions have been recorded in Lagos, where the refill cost for a 12.5kg cylinder has dropped to approximately ₦13,750 from ₦17,283.58, based on data from the National Bureau of Statistics (NBS).
States including Edo, Delta, and Niger have also reported significant price cuts, with consumers saving over ₦1,000 per refill in many cases.
This price movement aligns with the decline in petrol prices, which now range between ₦910 and ₦950 per litre, compared to former rates of ₦940 to ₦970 at Nigerian National Petroleum Company Limited (NNPCL) stations and other outlets tied to Dangote Refinery.
According to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the country consumes about 1.4 million metric tonnes (or 1.4 billion kilograms) of LPG annually. At the revised average price of ₦1,300 per kilogram, national expenditure on cooking gas has dropped to an estimated ₦1.82 trillion from ₦1.96 trillion.
Currently, Nigeria meets this demand by producing 600,000 tonnes locally and importing another 800,000 tonnes.
IPMAN spokesperson Chinedu Ukadike explained that the fall in petrol prices has had a domino effect on the cooking gas market, especially since LPG had previously been adopted as an alternative fuel for generators when petrol prices were higher.
“With petrol prices coming down, LPG prices have followed suit due to market dynamics and currency factors,” Ukadike said. “Consumer behavior is influenced by pricing across petroleum products, and that’s the essence of a deregulated market.”
He added that further price reductions could occur in the near future, depending on both domestic and global market trends.
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Tears For A Titan: Family Unveils Emotional Three-Day Funeral Plan For Iconic Actor Kola Oyewo!.
The funeral arrangements for the celebrated Nigerian actor, theatre scholar, and traditional ruler, Chief Dr. Adekola Gabriel Oyewo (Kola Oyewo), have been finalized by his family, with interment scheduled for Friday, August 7, 2026, in Osun State. The veteran actor passed away at age 80, leaving behind a legacy as a prominent figure in stage, television, and academia.....KINDLY READ THE FULL STORY HERE▶
The three-day farewell, organized by the Balogun Oyekola Oyewo Memorial Committee, follows this schedule:
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Wednesday, August 5, 2026: A wake-keep and service of songs will be held at St. Mary’s Catholic Church, Igboya, Ile-Ife.
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Thursday, August 6, 2026: A commendation mass is scheduled at St. Mary’s Catholic Church, followed by an artistes’ night at the Obafemi Awolowo University (OAU) Oduduwa Hall. An exhibition celebrating his works and photographs will also open at the Pit Theatre, African Studies Building, OAU, running through Friday.
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Friday, August 7, 2026: After a morning departure from his residence, a requiem mass will take place at St. Joseph Catholic Church, Oba-Ile. He will be laid to rest in a private ceremony at 12:45 p.m. at Labaluyegbe Villa, followed by a reception at Aderonmu Grammar School Field.
The Bangbola Oyewo family of the Ese-Ola Royal House remembered him as a beloved family man, traditional leader, and an inspiration to generations of theatre practitioners. His passing is regarded as the end of an era for the Nigerian theatre community, where he served as an Associate Professor of Drama and a long-standing mentor.
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Nation In Shock! Herders’ King Brutally Murdered: Cops Race Against Time To Catch Killers!.
Authorities have initiated a comprehensive investigation into the murder of Risku Mohammed, the Benue State Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), and his associate, Yakubu Isa. The two men were reportedly ambushed by unidentified attackers near Ahimeni in the Okodu area while traveling back from a peace summit in Otukpo.....KINDLY READ THE FULL STORY HERE▶
Benue State Commissioner of Police, Cletus Nwadiogbu, condemned the act as a “senseless and criminal” effort to destabilize local peace and security. Through PPRO DSP Udeme Edet, the Commissioner announced that tactical and intelligence teams have been mobilized to hunt down the perpetrators. CP Nwadiogbu has urged the public to avoid spreading rumors or pursuing vigilante justice, instead appealing for any useful information to be shared with the police to assist in the swift arrest and prosecution of those responsible.
Option 2: Concise News Style
Police in Benue State are hunting for the gunmen who killed MACBAN State Chairman Risku Mohammed and Yakubu Isa. The victims were attacked near Ahimeni in the Okodu area while returning from a peace meeting in Otukpo.
State Commissioner of Police Cletus Nwadiogbu denounced the killings and vowed that the command would “leave no stone unturned” in bringing the culprits to justice. Tactical units have been deployed to the area to track down the assailants. The Commissioner extended his condolences to the bereaved families and called on residents to remain calm, law-abiding, and to report any leads to the nearest police station. He reiterated the command’s firm commitment to ensuring the safety of all citizens and holding the criminals accountable.
Option 3: Action-Oriented
Following the tragic assassination of Benue MACBAN Chairman Risku Mohammed and Yakubu Isa, the State Police Command has launched a full-scale investigation. The victims were killed by unknown assailants near Ahimeni, Okodu, following a peace engagement in Otukpo.
Commissioner of Police Cletus Nwadiogbu has directed tactical and intelligence units to track down and arrest the attackers immediately. In a public statement, the command emphasized that such criminal acts will not be tolerated and that every effort is being made to secure justice for the victims. The public is encouraged to assist the investigation by reporting any relevant information through official channels and is cautioned against fueling tensions by sharing unverified reports.
Latest News
Currency Watch: Dollar Holds Firm Against Naira At ₦1,378 Amid Economic Uncertainty!.
On June 26, 2026, the dollar-to-naira exchange rate at the Lagos parallel market, commonly referred to as the black market, saw sellers offering the dollar at ₦1402, while buyers were purchasing it at ₦1391, according to Bureau De Change (BDC) sources. It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize this market and advises individuals to conduct foreign exchange transactions through their respective banks.....KINDLY READ THE FULL STORY HERE▶
Additionally, the CBN’s official rates for the same period ranged from a high of ₦1385 to a low of ₦1376. Please be aware that actual transaction prices may vary and might differ from the figures provided in this report.
Exchange Rate Summary (June 26, 2026)
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Parallel Market (Selling): ₦1402
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Parallel Market (Buying): ₦1391
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CBN Official Rates: ₦1376 – ₦1385
What specific aspect of the current foreign exchange market or its impact on consumer trends would you like to discuss further?
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