The price of cooking gas has dropped across Nigeria, following a major price cut by Dangote Refinery and increased local supply in the market.
Newsonspot reports that recent market data shows that Dangote Refinery has reduced its ex-depot price of liquefied petroleum gas (LPG) to ₦760 per kilogram, while other private depots are selling at an average of ₦800 per kilogram. Retail outlets, however, are selling slightly higher, with some charging around ₦950 per kilogram to cover distribution and operational costs.
This price reduction is one of the sharpest in recent months. Since January 2026, cooking gas prices have continued to fall due to improved local production, reduced imports, and better foreign exchange stability. Increased supply has also led to stronger competition among depot operators and retailers.
Dealers say the market has changed significantly compared to last year when scarcity pushed prices up. John Otu, a gas dealer in Iju, Lagos, said the price drop started early this year and that supply has become easier to access. He added that long queues and shortages have reduced.
Another dealer, Solomon Olarenwaju, explained that competition among sellers has intensified, forcing dealers to reduce prices and work with smaller profit margins to attract customers.
Energy analysts also attribute the price drop to the stronger naira, improved access to foreign exchange, and increased local refining capacity. They believe prices could fall further if current market conditions remain stable, although global energy prices and transportation costs could still influence the market.
For many Nigerian households, the reduction in cooking gas prices is a welcome relief. Rising costs in the past year forced some families to return to firewood and charcoal. With prices easing and supply improving, more Nigerians are expected to switch back to cooking gas as the market becomes more stable nationwide.
