Nigerian Households Face Fresh Hardship as Cooking Gas Price Set to Hit N1,500/kg

• Nigerians may soon face another increase in cooking gas prices as dwindling depot stocks and rising domestic demand continue to put pressure on the Liquefied Petroleum Gas (LPG) market nationwide.

Nigerian households may soon experience fresh hardship as the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, is expected to rise sharply across the country amid tightening supply and increasing demand.

Market checks showed that only Dangote Petroleum Refinery, Ardova Plc, and Navgas currently have commercial volumes of LPG available for sale in the domestic market.

Industry sources attributed the supply shortage to growing demand in Lagos and other parts of the country as more homes, restaurants, and businesses continue switching to cooking gas.

Current depot prices indicate that Dangote Petroleum Refinery is selling LPG at N1,060 per kilogramme, while Ardova Plc and Navgas are selling at N1,065/kg and N1,085/kg respectively.

Operators in the sector warned that the retail price of cooking gas could rise to about N1,500 per kilogramme if the supply pressure continues, compared to the current average price of around N1,300/kg.

The Chief Executive Officer of Petroleumprice.ng, Olatide Jeremiah, said rising demand is likely to trigger another increase in prices in the coming days.

“There is the likelihood that the price of cooking gas will rise in the coming days because of high demand. Many homes and other users have shifted to cooking gas,” he said.

Meanwhile, recent data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed that domestic gas utilisation increased in March 2026 as the Federal Government intensifies efforts to promote local gas consumption for power generation and industrial use.

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Figures from the Nigerian Upstream Petroleum Regulatory Commission revealed that domestic gas sales rose to 55,903.72 million standard cubic feet in March 2026, up from 52,300.45 million standard cubic feet recorded in February 2026.

The report indicated that more gas was supplied to domestic users, particularly gas-fired power plants and industrial consumers, as Nigeria continues to battle electricity shortages and seeks cleaner alternatives to diesel and fuel oil.

According to the data, Nigeria utilised 224,935.06 million standard cubic feet out of the 240,510.62 million standard cubic feet of gas produced in March, representing a utilisation rate of 93.5 percent.

Industry analysts say the increasing shift to cooking gas and cleaner energy alternatives may continue to put pressure on LPG prices if supply levels fail to improve.