Nigerians continue to face steep cooking gas prices despite assurances from marketers that costs would stabilize. Liquefied Petroleum Gas (LPG) remains significantly above promised levels, selling between ₦1,200 and ₦1,400 per kilogram in major cities.
Recent checks in Lagos reveal consistent high pricing. Outlets like Gasland in Igando and Mac Rich Gas Plant at Cele-Okota maintain ₦1,200/kg rates. Other city locations charge up to ₦1,400/kg. This contrasts sharply with pre-October prices of ₦900-₦950/kg.
A Lagos retailer stated anonymously, “We sold at ₦950/kg last month. Now it’s ₦1,200. We hope for reductions soon.” Bulk buyers purchasing 150-200kg now pay ₦1,104/kg, highlighting ongoing supply constraints.
Supply Chain Challenges Drive High Costs
Outgoing NALPGAM President Olatunbosun Oladapo identified key issues. “Supply backlogs, refinery maintenance, and logistics cause persistent high prices,” he explained. However, he projected market normalization in coming weeks.
Oladapo anticipates relief through new domestic gas sources. Seplat Energy’s market entry and increased Dangote Refinery production should ease bottlenecks. These projects will stabilize supply and reduce costs nationwide.
Rising Consumption Amid Expansion Plans
Nigeria’s LPG consumption surged from 900,000 metric tonnes in 2021 to 2 million tonnes currently. Oladapo forecasts 3 million tonnes annually by early 2025. This growth stems from private investments and public adoption of gas solutions.
NALPGAM reaffirmed support for Nigeria’s Decade of Gas initiative. The association collaborates with government to deepen gas utilization. Their goal is establishing Nigeria as a leading gas economy through infrastructure development.
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