
As of January 17, 2025, the cost of cooking gas, also known as Liquefied Petroleum Gas (LPG), in Nigeria has risen significantly, straining household budgets across the country.
The average retail price for refilling a 12.5kg cylinder of cooking gas has climbed to approximately ₦17,000, marking a 41.6% increase from ₦12,000 in July 2024.
In the Federal Capital Territory, Abuja, the price increase mirrors the national average, with the cost of refilling a 12.5kg cylinder reaching ₦17,000 in various locations. This surge underscores the broader trend of price volatility affecting consumers nationwide.
- Global Crude Oil Prices:
The cost of LPG in Nigeria is heavily influenced by global crude oil prices. Fluctuations in the international oil market directly impact the cost of LPG imports, as the country depends significantly on imported cooking gas to meet domestic demand. - Exchange Rate Instability:
The depreciation of the Naira against major currencies has exacerbated the situation. Importers face higher costs due to unfavorable exchange rates, which are then passed on to consumers through increased retail prices. - Seasonal Demand:
During festive periods and holidays, the demand for cooking gas typically surges, particularly in urban areas where LPG is the primary cooking fuel. This heightened demand contributes to temporary price spikes, further burdening households.
Current Cooking Gas Prices Per Kilogram
The following are the current average retail prices for various LPG cylinder sizes across Nigeria:
- 1kg Cooking Gas: ₦1,300
- 3kg Cooking Gas: ₦3,900
- 5kg Cooking Gas: ₦6,500
- 6kg Cooking Gas: ₦7,800
- 10kg Cooking Gas: ₦13,000
- 12.5kg Cooking Gas: ₦16,250
The rising cost of cooking gas has placed significant pressure on household incomes, particularly for low- and middle-income families. Many are being forced to seek alternative cooking methods, which often involve less efficient and environmentally harmful options like firewood or charcoal.
To address these challenges, experts suggest increasing domestic production of LPG, stabilizing the Naira, and implementing policies to support local refineries. These measures could reduce dependency on imports and mitigate price volatility. Until then, consumers may continue to grapple with fluctuating cooking gas prices, impacting their standard of living and overall economic stability.