In a welcome relief for Nigerian households, the cost of refilling Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has seen a notable decrease.
This price reduction comes after months of soaring costs, which had strained the budgets of many consumers across the country.
Recent market surveys indicate that the average price for refilling a 12.5kg cylinder has dropped from approximately ₦17,000 to about ₦13,750, representing a significant decline.
Latest Cooking Gas Prices in Nigeria (March 2025)
Below is a breakdown of the latest LPG refill prices across different cylinder sizes:
| Cylinder Size | Previous Price (₦) | Current Price (₦) |
|---|---|---|
| 1kg | ₦1,500/kg | ₦1,100/kg |
| 2kg | – | ₦2,200 |
| 3kg | – | ₦3,300 |
| 5kg | – | ₦5,500 |
| 6kg | – | ₦6,600 |
| 10kg | – | ₦11,000 |
| 12.5kg | ₦17,000 | ₦13,750 |
| 15kg | – | ₦16,500 |
| 20kg | – | ₦22,000 |
| 25kg | – | ₦27,500 |
| 50kg | – | ₦55,000 |
Note: Prices may vary slightly depending on region, supplier, and market conditions.
Factors Influencing the Price Drop
The decline in cooking gas prices can be attributed to several key factors, including:
- Global Oil Price Fluctuations – Since LPG is derived from crude oil and natural gas, changes in international oil prices directly impact local gas prices. Recent global market trends have contributed to a reduction in costs.
- Foreign Exchange Rates – The naira’s exchange rate against the U.S. dollar affects the importation costs of LPG. A more stable forex market has contributed to the recent price drop.
- Increased Local Supply – Efforts to boost domestic production and supply of LPG have played a role in reducing reliance on imports, helping stabilize prices.
- Government and Industry Interventions – Policies aimed at improving gas distribution, storage, and infrastructure have also contributed to price moderation.
Impact on Nigerian Households
The reduction in cooking gas prices comes as a relief for many Nigerian families, particularly those who had struggled with rising household expenses due to inflation. Lower gas prices could encourage more homes to continue using LPG as a clean cooking alternative, reducing reliance on firewood and charcoal, which contribute to environmental degradation.
However, while the price drop is a positive development, experts caution that prices could fluctuate again based on international crude oil trends and foreign exchange dynamics.
What Consumers Should Know
- Regional Variations – Prices may differ based on location, supplier, and transportation costs.
- Retailer Differences – Some retailers may sell at slightly higher or lower prices depending on their supply chain.
- Monitor Market Trends – Consumers are advised to stay updated on price changes and buy from reputable suppliers to avoid price manipulation.
Conclusion
The recent drop in cooking gas prices provides much-needed financial relief to Nigerian households. However, it remains important for consumers to stay informed about market trends, as prices may fluctuate depending on economic and global factors.
