Good News: Cooking Gas Prices Finally Drop After Weeks of Soaring Costs
Cooking Gas Prices Drop in Nigeria After Weeks of Steady Increases
Retailers of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, have confirmed a reduction in prices across the country after weeks of sharp increases. Prices, which had risen to as high as ₦2,000 per kilogramme in recent weeks, fell over the weekend to between ₦1,300 and ₦1,500.
Naija News reports that the Chairman of the Liquefied Petroleum Gas Retailers Association of Nigeria, Ayobami Olarinoye, told Punch that supply has improved slightly, easing the pressure on both retailers and consumers.
Olarinoye said, “The product is gradually circulating. There is an increase in supply. The price is dropping, but not yet back to the former price. It is now between ₦1,300 and ₦1,600, depending on the location.”
Despite the drop, Olarinoye cautioned that the LPG market is not yet stable, though he expressed optimism that things would improve further in the coming days.
“The market is not yet stable, but there is considerable improvement. Hopefully, we shall attain stability in another one week if the supply is sustained,” he added.
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, on Monday, October 13, 2025, intervened in the crisis, warning against hoarding and profiteering by marketers. He pledged that the Federal Government would clamp down on those exploiting consumers.