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Price Of Cooking Gas Expected To Drop Across Nigeria
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.
A political support group, Gbaja Network for Asiwaju 2027, has come to the defence of the Chief of Staff to President Bola Ahmed Tinubu, Femi Gbajabiamila, over his controversial comments advising a federal lawmaker to remain in the African Democratic Congress (ADC) and “fight and scatter” the party from within.....KINDLY READ THE FULL STORY HERE▶
The remarks, which surfaced in a viral video, showed Gbajabiamila speaking to a faction of the ADC led by Nafiu Gombe and House of Representatives member Leke Abejide, urging them to sustain internal divisions within the opposition party.
Gbajabiamila made the comments during a birthday celebration hosted by Abejide, where he also commended the lawmaker for his contributions to the All Progressives Congress (APC), while advising him against defecting to the ruling party despite pressure from APC members.
The statement triggered criticism from opposition figures, with Bode George demanding an apology and Timi Frank calling for Gbajabiamila’s resignation.
However, in a statement signed by its National President, Gideon Unazi, the Gbaja Network described the remarks as a bold expression of political conviction rather than an inappropriate statement.
The group argued that Gbajabiamila’s comments should be understood within the context of competitive politics, where parties adopt strategies to strengthen their positions ahead of elections.
It maintained that political strategy is a normal part of democratic engagement and should not be misrepresented as wrongdoing.
According to the group, it is unrealistic to expect a senior APC figure to act in a way that strengthens opposition parties.
It also dismissed criticisms from Bode George as expected political outrage, insisting that rivalry and strategic positioning are inherent features of Nigeria’s political landscape.
The group reaffirmed its support for President Bola Tinubu and his second-term ambition, describing Gbajabiamila as a key figure in advancing the administration’s objectives.
It further praised his political stance, noting that while his comments may appear blunt, they reflect the competitive nature of democratic politics.
The group urged political actors to concentrate on strengthening their own parties rather than reacting negatively to what it termed frank political expressions.
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has elected Salimon Oladiti as its new President.....KINDLY READ THE FULL STORY HERE▶
Reports indicate that Oladiti previously served as a National Trustee of the union.
According to TVC News, his election took place on Friday during the union’s 6th Quadrennial Delegates Conference currently being held in Lagos.
Also elected at the conference was Akin Oladejo, a former Chairman of the Oil and Gas Supply Branch, who emerged as the Deputy President of the union.
Former Minister of National Planning and Minister of State for Finance, Bashir Yuguda, has said that former President Goodluck Jonathan led Nigeria with honour, experience, and a clear sense of direction.....KINDLY READ THE FULL STORY HERE▶
Yuguda made the remarks in response to criticism from former Vice President Atiku Abubakar, who had questioned Jonathan’s competence and described his administration as unsuccessful.
In a statement released to journalists on Friday, Yuguda dismissed Atiku’s claims as inaccurate, arguing that they did not reflect the realities of Jonathan’s time in office.
He maintained that Jonathan’s record in democratic governance, economic management, and statesmanship remains intact and should not be distorted by what he called misleading narratives.
Yuguda, who previously served as Ambassador to the United Arab Emirates and Qatar, noted that Jonathan had already gained extensive leadership experience before becoming President, having served as Deputy Governor, Governor, Vice President, and Acting President during the late President Umaru Musa Yar’Adua’s illness.
According to him, these roles provided Jonathan with significant exposure to national leadership responsibilities.
He highlighted that during Jonathan’s administration, Nigeria recorded notable economic growth, including becoming Africa’s largest economy, attracting increased investor confidence, and maintaining relative macroeconomic stability, with a reported reduction in poverty levels based on institutional data.
Yuguda also credited the administration with reviving railway services across the country, including the rehabilitation of key routes such as the Zaria–Gusau–Kaura Namoda line, which had been neglected for decades.
He further pointed to reforms in the education sector, including the establishment of multiple federal universities and Almajiri schools aimed at expanding access to education nationwide.
The former minister said Jonathan was widely respected for his calm temperament and leadership style, noting that he often discouraged confrontational responses from his aides, even in the face of criticism.
Yuguda also recalled Jonathan’s loyalty to former President Yar’Adua and his continued respectful engagement with successive presidents, including President Bola Tinubu.
He contrasted this with past political disagreements between other national leaders, suggesting Jonathan’s conduct reflected a more statesmanlike approach.
While acknowledging that no leader is without flaws, Yuguda insisted that Jonathan’s presidency should not be judged as a failure or dismissed as inexperienced leadership.
He emphasized Jonathan’s decision to concede defeat in the 2015 election as a defining moment for Nigeria’s democracy, describing it as a selfless act that strengthened the country’s democratic culture.
Yuguda concluded that Jonathan remains a respected figure in peacebuilding and electoral observation efforts across Africa due to his restrained and diplomatic approach to governance and public engagement.
He added that historical records and tangible achievements, rather than political revisionism, should shape how Jonathan’s legacy is assessed.
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