The average retail price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has decreased by 13.3% on a month-on-month (MoM) basis. According to recent findings, the price dropped to N16,250 in January 2025, compared to N18,750 recorded in December 2024.
Investigations by Hobnob News revealed that the price per kilogram of cooking gas also fell by 13.3%, reducing from N1,500 to N1,300. Further checks at various accredited gas plants indicated slight variations in prices, with some selling at N1,250 per kilogram while others retailed the product at N1,400 per kilogram.
NALPGAM Advocates Affordability
Speaking on the price drop, the National President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Mr. Olatunbosun Oladapo, emphasized the association’s commitment to ensuring the affordability and accessibility of LPG for Nigerians.
“As an association, we are advocating for the full usage of LPG as a primary cooking fuel. To achieve this goal, its affordability must be prioritized,” Oladapo said.
He further disclosed that the average price of filling a kilogram of gas in the southwest region currently ranges between N1,250 and N1,300. He credited the price stability to government measures aimed at maintaining steady supply and addressing factors that often lead to price fluctuations.
Increased Local Production Stabilizes Prices
Oladapo highlighted the significant role of local production in stabilizing LPG prices across the country.
“We now produce over 70% of our LPG consumption locally, reducing the impact of global price fluctuations. By enhancing local production, we ensure that the national price remains steady. As long as we maintain sufficient local supply, the Nigerian market will remain unaffected by external pressures,” he explained.
Concerns Over Price Disparities
Despite the general price drop, some gas plants continue to sell LPG at inflated rates, with prices reaching as high as N1,400 per kilogram. Oladapo expressed concerns over this disparity, labeling it an attempt to exploit unsuspecting Nigerians.
“There are plants selling at N1,210 and N1,250, with the highest reasonable price being N1,300 per kilogram. Anyone selling at N1,400 is extorting innocent Nigerians. To address this, we have taken steps to publish daily price updates, creating awareness and helping consumers make informed decisions,” he said.
He also noted that the open market nature of the industry, coupled with healthy competition, is expected to further drive prices down in the coming months.
Government’s Role in Ensuring Stability
The government’s intervention in ensuring steady supply has played a pivotal role in stabilizing LPG prices. With gas plants operating at full capacity and supply meeting demand, the market remains relatively balanced.
“Currently, all gas plants are well-stocked, and supply is steady. Demand has not outpaced supply, which is why the prices remain stable. Moving forward, it is essential for the government and stakeholders to continue working together to maintain this stability,” Oladapo added.
As the country continues to advocate for the widespread adoption of LPG as a sustainable cooking solution, efforts to ensure price affordability and accessibility will remain crucial. Nigerians are encouraged to patronize accredited gas plants offering fair prices and to stay informed about market trends.
