Cooking Gas Price Hits N1,800/kg in Abuja, Rises to N1,650 in Lagos, Ogun
By Abiodun Folarin
The price of cooking gas has surged across major Nigerian cities, with consumers in Abuja now paying as much as N1,800 per kilogramme, while prices have climbed to N1,650 in parts of Lagos and Ogun states, adding to the rising cost of household energy.
Market observations by TheCable on Thursday showed that several liquefied petroleum gas (LPG) retail outlets had increased their prices, with some recording hikes of up to N200 per kilogramme.
In Lagos, Techno Oil outlets in Festac raised their prices from N1,450 to N1,650 per kg, while NipCo stations at First Gate and Trade Fair Complex increased their rates from N1,280 to N1,480 per kg.
The upward adjustment was also recorded in Ogun State, where Ecogas LPG refilling plant in Sagamu raised its price from N1,500 to N1,600 per kg. Oyejo Gas Station in Shiwun also increased its rate from N1,450 to N1,650 per kg.
In Abuja, cooking gas prices rose from N1,700 to N1,800 per kg, although NipCo retail outlets sold the product at N1,650 per kg.
The latest retail price increases followed a 31.8 per cent surge in depot prices, which jumped from N1,100 to N1,450 per kg within one month, signalling mounting pressure across the domestic LPG supply chain.
Explaining the development, gas expert Lawal Taofeek attributed the price surge to seasonal demand, particularly increased gas consumption across Europe during the winter heating season.
According to him, higher European demand for gas is exerting upward pressure on international prices, with the impact spilling over into Nigeria’s LPG market.
“This is the peak heating season in Europe, when demand for gas rises significantly as countries increase consumption for heating,” he said.
Taofeek warned that the upward price pressure could persist until late December or early January, when seasonal demand is expected to ease.
He, however, expressed optimism that domestic cooking gas prices could decline as the European heating season comes to an end, potentially providing relief to Nigerian households.
