LPG Prices Skyrocket: Retail Gas Prices Surge Across Nigeria – Here’s What You’ll Pay

Amid rising energy costs and ongoing economic challenges, the price of Liquefied Petroleum Gas (LPG), commonly referred to as cooking gas, remains inconsistent across Nigeria, placing an increasing burden on consumers while raising hopes for possible price relief.....KINDLY READ THE FULL STORY HERE▶

Currently, Rainoil retail outlets sell LPG at ₦1,020 per kilogram, but prices at other vendors have soared as high as ₦1,250/kg, depending on location.

This wide disparity in pricing is primarily driven by factors such as depot procurement costs, transportation expenses, regional accessibility, and sellers’ volume-based pricing strategies.

If Rainoil’s ₦1,020/kg rate were applied nationwide, the cost of refilling gas cylinders would look like this:

• 1 kg – ₦1,020

• 3 kg – ₦3,060

• 5 kg – ₦5,100

• 10 kg – ₦10,200

• 12 kg – ₦12,240

• 12.5 kg – ₦12,750

While some outlets offer relatively moderate rates, many Nigerians are still paying far higher prices, adding to the financial strain of skyrocketing food and utility costs.

In a promising development, Aliko Dangote, President of the Dangote Group, has revealed plans to bring down the price of cooking gas.

During a recent meeting with members of the Lagos Business School CGEO Africa at the Lekki refinery, Dangote criticized the current market rates, calling them “unaffordable for the average Nigerian.”

“Right now, we’re producing about 2,000 tonnes of LPG daily… I agree it’s expensive, but we’re working to reduce the price and make it more accessible,” he stated.

He also disclosed that the Dangote Refinery is capable of producing up to 22,000 tonnes of LPG daily, and warned that if distributors continue inflating prices, the company may begin direct-to-consumer sales to force a market correction.

“If the distributors refuse to lower the price, we will sell directly to end users, encouraging a shift from firewood or kerosene to LPG,” Dangote added.

For millions of Nigerians still dependent on firewood, charcoal, or kerosene for cooking, the high cost of gas remains a major barrier to adopting cleaner, more efficient energy sources.

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