The price of cooking gas, based on a month-to-month (MoM) basis, fell to ₦16,250 in January 2025 from ₦18,750 in December 2024.
The average retail price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas, LPG, or cooking gas dropped by 13.3 percent the price of 1kg of gas dropped by 13.3 percent to N1,300 from N1,500.
Some accredited gas plants sell a kg at N1,250 while others retail the product at N1, 400 per kg.
In an interview with the National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, NALPGAM, Mr. Olatunbosun Oladapo on the latest development, he said: “As an association, we are advocating for the full usage of LPG as a means of cooking, therefore, the only way to achieve this is to ensure its affordability”.
However, “as of today, the average price to fill a kg of gas within the southwest is around N1, 300 to N1, 250.
The government has also implemented measures to ensure the price is stable.
Generally, the price increase is caused by government influence, demand, and supply but presently, all gas plants are wet, supply is going on steadily and demand has not outgrown supply in Nigeria”.
“We have more than 70 percent of our consumption being produced locally. We are not solely relying on imported prices; the effect of local production has made the price stabilize in Nigeria.
Therefore, if we produce enough, the national price would not be affected”.
While reacting to gas plants that sell at N1,400 per kg, Oladapo said, “There are people that make life difficult, there are plants that sell at N1,210 and N1,250, the highest is N1,300.
Anyone selling N1,400 is extorting innocent Nigerians.
This is one of the reasons we publish prices daily, the awareness is important in order not to extort Nigerians.
“The beauty of the industry is that it is an open market; also competition will further drive the price down.”