The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has continued to soar across Lagos, defying earlier assurances from marketers that it would return to its pre-October range of ₦950 to ₦1,000 per kilogram.
A market survey across several gas plants in Lagos on Monday revealed that consumers are currently paying between ₦1,200 and ₦1,400 per kilogram. At Gasland in Igando, Ikotun, and Mac Rich Gas Plant in Cele-Okota, the price stood at ₦1,200 per kg, while other outlets sold between ₦1,300 and ₦1,400, depending on location.
Some gas plant attendants, who preferred not to be named, said the price surge has persisted due to market instability.
> “Last month, we sold at ₦900 to ₦950 per kilogram, but now we retail at ₦1,200. This is the situation in the country at the moment. We can only hope that prices drop soon,” one of them said.
Findings also indicated that retailers who purchase in bulk quantities ranging from 150kg to 200kg pay an average of ₦1,104 per kilogram.
In a phone interview, the outgoing President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Mr. Olatunbosun Oladapo, attributed the sustained high prices to a backlog of unsupplied products, ongoing maintenance, and refinery logistics challenges. However, he expressed optimism that prices would stabilise in the coming weeks.
According to him, the anticipated entry of Seplat Energy’s gas supply into the market, along with increased production from the Dangote Refinery and other new gas infrastructure projects, would help ease supply constraints and restore normalcy nationwide.
Speaking at the Association’s 38th Annual General Meeting (AGM), Oladapo noted that Nigeria’s LPG consumption has doubled in recent years — rising from 900,000 metric tonnes in 2021 to about 2 million metric tonnes in 2025.
“About four years ago, national LPG consumption was between 900,000 and 1 million metric tonnes. Today, it stands at roughly 2 million metric tonnes. By the first quarter of next year, consumption is projected to reach 3 million metric tonnes annually,” he said.
He attributed the steady increase to growing investments, stronger collaboration with government agencies, and wider public acceptance of gas as a cleaner and safer domestic energy source.
