N1,500/kg: Dealers, Retailers Announce New Price for Cooking Gas as Dangote, Depots Adjust Rates
- Cost of cooking gas in Nigeria surges to average N1,500/kg, raising household energy concerns
- Major depots hike LPG prices, with sales volumes declining as consumers resort to alternative energy sources
- Rising global tensions and local supply issues contribute to an uncertain outlook for cooking gas prices
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has surged sharply across Nigeria, with dealers and retailers now selling at an average of N1,500 per kilogram.
This represents a 14.3 per cent month-on-month increase from the N1,300/kg recorded in the previous month, deepening concerns about rising household energy costs.
Source: Getty Images
Across the country, consumers are also paying significantly more for common cylinder sizes.
A 6kg cylinder now costs around N9,000, while a 12.5kg refill is nearing N18,750 in several locations, depending on distribution and retailer margins.
Depot prices drive the surge
The spike in retail prices follows a steep increase at the depot level. The ex-depot price of LPG has climbed by 16.7 per cent to N21 million per 20 metric tonnes, up from N18 million just weeks ago.
Industry sources say major depots such as Rainoil, Nipco, Mobil, and Ardova have all adjusted their rates upward.
Market data also shows variations in pricing among key suppliers. While Dangote Refinery offers relatively lower rates at about N845/kg, other operators such as Nipco Lagos sell at around N1,000/kg, PPMC at N945/kg, and NAVGAS at N1,025/kg.
Dealers report declining sales
The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Inyang Edu, confirmed the price surge and warned of its impact on consumers.
According to him, the rising cost has significantly weakened purchasing power, forcing many households to cut back or switch to alternative energy sources such as firewood and kerosene.
Marketers, he added, are already recording reduced sales volumes at gas plants nationwide as affordability becomes a major challenge.
Global tensions and supply constraints
Industry experts link the price increase to ongoing geopolitical tensions in the Middle East, which have disrupted global oil and gas supply chains and pushed up energy costs worldwide.
Supply constraints are also playing a role locally. Despite offering relatively cheaper LPG, Dangote Refinery’s output remains limited. The facility reportedly receives only a fraction of the crude oil it requires, forcing it to import additional feedstock.
Source: Getty Images
This combination of global instability and local supply gaps continues to exert upward pressure on prices.
Outlook remains uncertain
With both international and domestic factors at play, stakeholders warn that cooking gas prices may remain elevated in the near term.
For millions of Nigerian households already grappling with inflation, the rising cost of LPG adds yet another layer of financial strain, raising fresh concerns about energy access and affordability.
Dangote, depots release new cooking gas prices
Legit.ng earlier reported that the Dangote Refinery has increased its gantry price of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas, to N800 per kilogram, reflecting ongoing changes in global energy costs and supply conditions.
The adjustment, which took effect on March 17, 2026, marks an increase from the previous N760/kg rate. Market checks indicate the review is linked to rising international crude oil prices, which have driven up feedstock and refining costs.
Data collated by Petroleumprice.ng from LPG depots across Lagos as of March 18, 2026, shows that prices from other suppliers remain above Dangote’s revised rate.
Source: Legit.ng
