Nigeria’s liquefied petroleum gas (LPG) market, commonly known as cooking gas, has held broadly steady since July 2026 despite sharp movements in international crude prices. Retail prices had climbed in May and June to as much as N2,000 per kilogram in major centres including Abuja and Lagos, compared with roughly N1,200 per kilogram previously. A rise in LPG imports from June onward, combined with a price cut by Dangote Refinery, has since brought significant relief over the past two months.
Current depot prices at Dangote Refinery and suppliers including NavGas, 11 PLC, formerly known as Mobil, and Ranoil range from N945 to N960 per kilogram. A.Y.M. Shafa, however, raised its rate by N15 to N1,055 per kilogram. In Abuja and surrounding areas, retailers such as Ranoil, Nigerian Independent Petroleum, Nigerian National Petroleum Company Limited and A.Y.M. Shafa are charging between N1,250 and N1,450 per kilogram, while smaller retailers sell the product for about N1,500 per kilogram.
The latest decline followed a reduction announced by Dangote Refinery and LPG marketers barely four days ago. Nevertheless, the recent surge in crude oil prices to approximately $94 a barrel has renewed concerns about possible pressure on petroleum-product prices.
