Cooking Gas Prices Crash Below ₦900: Nigerians Express Relief as Dealers Slash Rates
- Dealers and sellers of cooking gas have reduced the commodity’s price, slashing it below N900 per kg
- They say the reason for the price cuts is due to a stable foreign exchange rate and government policies
- Also, local production is on the rise, driven by the Dangote Refinery, which reduced its prices below N800 per kg
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
The price of liquified petroleum gas (LPG), also known as cooking gas, is on a downward trend, driven by stable forex and import waivers.
The commodity’s price has continued to slide since May this year, crashing from N1,050 per kilogramme to below N900.
Source: Getty Images
Nigerians happy as cooking gas price crash
Nigerians have hailed the development, saying that they can now return to clean cooking, as they had previously resorted to charcoal due to its exorbitant cost.
Market findings showed that dealers now sell the commodity at N880 per kg, representing a 17.4% drop.
Dealers attributed the drop to government import policies and stable foreign exchange.
Stable naira pushes down LPG prices
According to data from the Central Bank of Nigeria (CBN), the Nigerian currency has been on an upward climb against the dollar, appreciating by more than N20 in the official foreign exchange market.
“Cooking price is sliding due to stable naira to dollar exchange rate and a lot of favourable government policies,” John Jonathan, a major dealer, said.
“The government has removed import duties on LPG accessories and the banks are friendlier now regarding FX purchases,” he said.
Other experts also said the surge in local production has added to the relief in cooking gas prices.
Dangote puts pressure on market prices
A prior report by Legit.ng disclosed that the 650,000 Dangote Refinery reduced its cooking gas prices, selling LPG at N765 per kilogramme.
Other depot operators such as NAVGAS, RainOil, and Ardova sell below N900 per kg.
NBS report corroborates market analysis
Meanwhile, data from the National Bureau of Statistics showed that the retail price for refilling a 12.5kg cylinder of cooking gas jumped by 44.51% per year in July.
The NBS disclosed in its LPG Price Watch Report for July, released on Tuesday, September 2, 2025, that the cost of refilling a 12.5kg cylinder rose from N14,262.57 in July to N20,609.48 in August, indicating a growing financial burden on households.
Mixed fortunes for Nigerian households
According to the report, there was a modest relief per month as the average price dropped by 1.91%, from N21,010.56 in June to N20,609.48 in July.
However, experts warn that the slight decline may not show a sustained downward trend.
The national statistic body disclosed that in July 2024, Nigeria experienced a 9.37% monthly drop in cooking gas prices, with prices declining from N15,736.27 in June 2024 to N14,261.57 in July 2024, showing a reversal of fortunes relative to the current prices.
States and zones with the highest, lowest prices.
A state-by-state analysis showed that Adamawa recorded the highest average retail price for a 1.25kg cylinder at N22,528.39, followed by Rivers at N22,512 and Taraba at N22,363.57.
Source: UGC
Nigerians bought cooking prices at the lowest prices in Yobe at N19,030, Niger at N19,154.99, and Nasarawa at N20,000.62.
Gas dealers release new prices for 12kg, 6kg
Legit.ng earlier reported that data from the National Bureau of Statistics showed that the retail price for refilling a 12.5kg cylinder of cooking gas jumped by 44.51% per year in July.
The NBS disclosed in its LPG Price Watch Report for July, released on Tuesday, September 2, 2025, that the cost of refilling a 12.5kg cylinder rose from N14,262.57 in July to N20,609.48 in August, indicating a growing financial burden on households.
According to the report, there was a modest relief per month as the average price dropped by 1.91%, from N21,010.56 in June to N20,609.48 in July.
Proofreading by Kola Muhammed, copy editor at Legit.ng.
Source: Legit.ng
