Cooking Gas Prices Soar: See How Much It Now Costs Per Kg Across Nigeria

The price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has recently dropped in Nigeria, easing some of the financial pressure on households already grappling with rising food and fuel costs.....KINDLY READ THE FULL STORY HERE▶

Current market rates show that cooking gas now sells at ₦1,000 per kilogram, while larger cylinder refills are priced as follows:

• 1kg – ₦1,000

• 3kg – ₦3,000

• 5kg – ₦5,000

• 10kg – ₦10,000

• 12kg – ₦12,000

• 12.5kg – ₦12,500

Factors That Could Push Cooking Gas Prices Higher

1. Naira Depreciation
A weaker Naira against the US dollar makes imported gas and refining inputs more expensive. Even with Nigeria’s domestic gas reserves, a significant portion of LPG still relies on imports or imported materials.

2. Rising Global LPG Prices
High demand for LPG in Asia and Europe, particularly during winter months, has driven international prices up. These fluctuations impact local prices due to Nigeria’s exposure to global market trends.

3. Distribution and Transportation Costs
Costs along the supply chain—from ports to filling plants and retail outlets—have risen because of increased diesel prices and security challenges on roads.

4. VAT and Other Levies
Although the federal government has promised to remove VAT on LPG, inconsistent tax enforcement and growing regulatory costs continue to influence market prices.

Stay connected via Google News

Follow us for the latest travel updates and guides.