Cooking Gas Price Update in Nigeria as Crude Oil Rises
Nigeria’s cooking gas prices have remained relatively stable since July 2026 despite renewed volatility in global crude oil prices.
The price of liquefied petroleum gas (LPG), popularly known as cooking gas, has fallen significantly from the levels recorded earlier in the year.
A market survey showed that LPG prices at major depots are currently between N945 and N960 per kilogram, although prices vary by supplier and location.
Dangote Refinery and major depot operators, including NavGas, 11 PLC, formerly known as Mobil, and Ranoil, are dispensing cooking gas within this price range.
However, A.Y.M. Shafa depot increased its LPG price by N15 to N1,055 per kilogram.
Cooking gas prices in Abuja
Retail prices remain higher in Abuja and surrounding areas.
Cooking gas retailers, including Ranoil, Nigerian Independent Petroleum, Nigerian National Petroleum Company Limited (NNPCL) and A.Y.M. Shafa, sell LPG for between N1,250 and N1,450 per kilogram.
Micro-retailers charge even more, with some selling cooking gas at about N1,500 per kilogram.
The difference between depot and retail prices reflects transportation, distribution and other operating costs across the supply chain.
Why cooking gas prices dropped
Cooking gas prices rose sharply in May and June 2026. Prices reached as high as N2,000 per kilogram in major cities such as Lagos and Abuja, compared with about N1,200 previously.
Increased LPG imports from June helped improve supply and ease pressure on the market.
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Dangote Refinery’s decision to reduce its LPG price also contributed to the decline in retail and depot prices.
The latest reduction followed a similar move by Dangote Refinery and other marketers earlier in August.
Crude oil price creates fresh concerns
Despite the recent decline in cooking gas prices, rising crude oil prices have created fresh concerns across Nigeria’s petroleum market.
Global crude prices recently climbed to around $94 per barrel, increasing uncertainty over the outlook for petroleum products.
Higher crude prices can affect energy markets and operating costs. However, the impact on cooking gas prices will also depend on LPG supply, imports, domestic production, exchange rates and distribution costs.
For now, cooking gas prices remain below the highs recorded earlier in 2026, but consumers will be watching the market closely for any further changes.
