The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, may soon increase across Nigeria as depot supplies continue to shrink while demand rises steadily.
Market checks revealed that only a few suppliers, including Dangote Petroleum Refinery, Ardova Plc and Navgas, currently have significant LPG volumes available for commercial sale in the domestic market.
Industry sources attributed the tight supply situation to growing consumption in Lagos and other parts of the country, driven by the increasing number of households and businesses adopting cooking gas as an alternative energy source.
Current depot prices showed that Dangote Petroleum Refinery sold LPG at ₦1,060 per kilogramme, while Ardova Plc and Navgas sold at ₦1,065/kg and ₦1,085/kg respectively.
Operators in the sector warned that if the supply shortage persists, the retail price of cooking gas could climb from the current average of about ₦1,300/kg to as high as ₦1,500/kg in the coming days.
The Chief Executive Officer of Petroleumprice.ng, Olatide Jeremiah, said increasing demand is likely to push prices even higher.
According to him, more Nigerians are switching to cooking gas, putting additional pressure on available supply nationwide.
Meanwhile, recent figures released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed that domestic gas utilisation increased in March 2026, supporting the Federal Government’s drive to expand local gas consumption for power generation, industrial activities and commercial use.
Data from the Nigerian Upstream Petroleum Regulatory Commission indicated that domestic gas sales rose to 55,903.72 million standard cubic feet in March 2026, compared to 52,300.45 million standard cubic feet recorded in February.
The report also showed that Nigeria utilised 224,935.06 million standard cubic feet out of the 240,510.62 million standard cubic feet produced in March, representing a utilisation rate of 93.5 per cent.
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