Retail prices of the Petroleum Liquefied Gas (LPG) also known as cooking gas have dropped massively from the N2, 300+/kg across the country to as low as N1, 000/kg, as confirmed by the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM).

According to the marketers body, the drop follows recent interventions by the federal government aimed at boosting domestic supply of the product amid the skyrocketing prices recorded nationwide.

National President of NALPGAM, Edu Inyang, told reporters that the market is starting to experience relief as price of the commodity has began dropping remarkably from the figures recorded earlier last week before the government intervention.

Checks by marketers indicated that cooking gas is now selling for between N1,100 and N1,350 per kilogramme in Lagos, Ibadan and Abeokuta, while consumers in Benin City, Port Harcourt and Warri are paying between N1,150 and N1,400/kg.

In Onitsha and Enugu, retail prices range from N1,200 to N1,450/kg, while consumers in Abuja pay between N1,250 and N1,500/kg.

Northern states, including Kano and Kaduna, currently record prices of N1,300 to N1,550/kg, while consumers in Maiduguri and parts of the North-East still pay the highest prices, ranging from N1,350 to N1,650/kg, reflecting the additional logistics costs of transporting products to the region.

According to Inyang,the nationwide retail price range now stands at approximately N1,100 to N1,650 per kilogramme, although some neighbourhood retailers continue to charge above the range where transportation and distribution costs remain elevated.

The improvement marks a reversal from the sharp increases witnessed from May, when supply tightness and rising depot prices pushed cooking gas costs significantly higher across several parts of the country.

According to the NALPGAM president, the latest decline follows improved product availability from both domestic production and imports, as well as lower depot prices.

Inyang also attributed the easing to increased competition among marketers and the disappearance of panic buying that had briefly tightened supplies.

“Following reports of improved LPG supply and softer depot prices in late June 2026, retail cooking gas prices have started easing in some markets, although the reduction has not been uniform across Nigeria. Transport costs, distance from depots, and retailer margins still create noticeable differences between cities.

“Overall, the national retail range is roughly N1,100 to N1,650 per kilogramme, with some neighbourhood retailers charging slightly above this range where logistics costs remain high.

The recent easing reflects lower depot prices as supply improved, increased product availability from domestic sources and imports, reduced panic buying and hoarding after government market interventions, and more competition among marketers in major cities,” Inyang said.

Based on the prevailing retail prices, a 5kg cylinder refill now costs between N5,500 and N8,250, while a 6kg refill ranges from N6,600 to N9,900. Inyang said consumers refilling a standard 12.5kg cylinder are expected to pay between N13,750 and N20, 625, depending on location and retailer.

However, despite the improvement, the marketers cautioned that retail prices are yet to stabilise nationwide, noting that communities located farther from major LPG depots may continue to experience relatively higher prices because of transportation costs.

Oracle Intelligence recalls that last week, the federal government moved stabilise domestic LPG market, as it directed producers to prioritise local consumption..

Speaking in the statement, Monday, against the backdrop of escalating cost of the product, the government assured consumers that it was fully committed to ensuring an adequate, reliable and affordable gas supply for households, industries and power generation across the country.

Minister of State for Petroleum Resources (Gas), Rt Hon. Ekperikpe Ekpo, in the statement signed by his spokesperson, Louis Ibah, explained that this informed the government’s decision to direct that all LPG produced in Nigeria be channelled to supply local consumers.

According to him, stabilising the domestic market remains key to resolving the scarcity and high price of the commodity in the country.

The recent price adjustments, the minister said, were driven largely by prevailing market realities such as foreign exchange volatility, rising logistics costs, infrastructure constraints and fluctuations in international LPG prices.

These factors, according to him, should not be misinterpreted as evidence of policy failure.

The minister also directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to intensify engagement with producers, marketers and other stakeholders to sustain supply and enhance market stability.

The minister also confirmed that no producer is exporting LPG volumes designated for the domestic market, as regulatory measures remain firmly in place to prioritise local needs.

Meanwhile, also in a bud to address the supply shortfall, the NMDPRA also disclosed plans to issue import licenses in order to bridge the country’s 165,000-metric-tonnes of Liquefied Petroleum Gas (LPG) supply gap for the third quarter of 2026.

NMDPRA Chief Executive, Rabiu Umar, who disclosed this last Monday in Abuja during an emergency stakeholders’ meeting on rising LPG prices convened by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, said the agency will further closely monitor import permits issued.

Umar described imports as the immediate solution to the LPG supply shortfall, saying the measure forms part of the authority’s immediate and medium-term strategies to boost the supply of cooking gas and stabilise prices nationwide.

Umar said the regulator had engaged terminal operators, domestic producers and other suppliers, leading to an improvement in LPG supply sufficiency from 11 days to 22 days, while efforts were ongoing to address profiteering by marketers.

“Profiteering by marketers is being addressed.

“The projected third quarter supply gap is 165,000 MT. NMDPRA will issue import permits/follow up issued permits on performance. There will be injection of LPG export volume into the domestic market.

“Anoh Gas is expected to commence supplying of about 50 metric tonnes of LPG per day from July 2026, while efforts are underway to channel more locally produced LPG into the domestic market, including volumes currently exported,” he said.

Umar said the authority would audit off-takers lifting LPG from the Nigerian Liquefied Natural Gas (NLNG) and the Nigerian National Petroleum Company (NNPC Ltd.) to improve distribution efficiency and pricing.

He added that NMDPRA had commenced intensified monitoring and enforcement across the LPG supply chain to curb diversion and other market abuses.

He said the authority would support the expansion of LPG storage, terminal and distribution infrastructure, accelerate domestic gas processing projects, prioritise local LPG supply and facilitate access to foreign exchange for critical imports where necessary.

“NMDPRA will deploy technology to track product movement, develop a tariff regulatory framework to promote fair pricing and leverage expanded private sector investments in LPG storage and cylinder manufacturing to strengthen nationwide supply.

“NMDPRA will work to return prices to levels recorded about a year ago, ensure locally produced LPG remains cheaper than imported volumes.

“It will support infrastructure investments through the Midstream and Downstream Gas Infrastructure Fund (MDGIF) and engage Chevron and other industry players to boost domestic supply.”

On his part, and speaking in his presentation, the Executive Director, Distribution Systems, Storage and Retail Infrastructure, NMDPRA, Mr Ogbugo Ukoha, attributed the recent surge in LPG prices to inadequate domestic supply, low imports, profiteering and distribution challenges.

Ukoha, while vowing to enforce measures to stabilise the market decried the fact that in spite of a directive requiring domestic producers to prioritise local supply, some volume continued to be exported.

He said the authority had engaged stakeholders to address technical and logistics constraints, including proposals to blend exported LPG for domestic consumption.

Ukoha said regulatory interventions had improved LPG supply sufficiency from 11 days to 22 days, with average daily supply rising to 5,040 metric tonnes (mt) as of June 19 from 4,262 mt in May, following the arrival of four import cargoes totalling about 16,000 metric tonnes.

He, however, warned that marketers would no longer be allowed to profiteer as supply improves.

Ukoha added that the authority would fast-track licensing of LPG storage and blending facilities, expand distribution infrastructure and accelerate domestic gas processing projects to boost local production.