The price of cooking gas in Nigeria has experienced significant fluctuations throughout the year, with the festive season further intensifying concerns over its affordability and availability.
This year, cooking gas, also known as Liquefied Petroleum Gas (LPG), has faced price volatility attributed to various factors, including global energy market dynamics, exchange rate instability, and domestic supply challenges.
The festive season, traditionally marked by increased household consumption, has added pressure on demand, exacerbating the instability.
In January, the average price of a 12.5kg cylinder of cooking gas hovered around ₦8,000. However, as the year progressed, prices spiked sharply, reaching ₦12,000 to ₦15,000 in many parts of the country by mid-year.
The situation was partly attributed to the devaluation of the naira, increased international gas prices, and limited domestic production. Nigeria, despite its abundant natural gas reserves, relies heavily on imports to meet local demand.
As the festive season approaches, prices have shown no signs of stabilizing. In December, the price of a 12.5kg cylinder ranged between ₦16,000 and ₦17,500 in major cities like Lagos, Abuja, and Port Harcourt, with some rural areas reporting higher prices due to logistical challenges.
See the price of cooking gas per kg below:
1kg Cooking gas – ₦1,370
3kg Cooking gas – ₦4,110
5kg Cooking gas – ₦6,850
6kg Cooking gas – ₦8,220
10kg Cooking gas – ₦13,700
12.5kg Cooking gas – ₦17,125
