Tag: Cooking gas price

Cooking gas prices still soaring despite Govt. promises

Aminu Imam
Cooking gas price

Weeks after the Federal Government promised to address the rising cost of Liquefied Natural Gas (LPG), known as cooking gas, the commodity has remained expensive across Abuja. A survey published yesterday revealed that cooking gas still sells for as high as ₦1,800 per kg, especially by the roadside retailers. According to reports, the price of cooking gas skyrocketed from ₦1,100 per 1kg to as high as ₦1,800 per kg in various outlets following the recent strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria, (PENGASSAN). Following the…

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Cooking gas price soars, as scarcity worsens across Nigeria

Aminu Imam
Cooking gas price

Nigerian households, gas marketers, retailers, and industry stakeholders, including the Nigerian Association of Liquefied Petroleum Gas Marketers, (NALPGAM), are dealing with a sharp increase in the retail price of cooking gas (LPG) across major cities, such as Lagos, Abuja, and Ogun State. The surge follows supply disruptions caused by industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and other distribution constraints, which have prompted dealers to raise prices along the supply chain. As of this week, the cost of refilling a 12.5kg cylinder of…

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Nigerians Face Double Energy Burden: Cooking gas price jumps 44.5%, as FG set to introduce petrol tax

Aminu Imam
Energy price jumps

Nigerian households are bracing for tougher times, as rising energy costs and a newly announced petrol consumption tax threaten to stretch already fragile incomes. According to the National Bureau of Statistics (NBS), the average retail price for refilling a 12.5 kilogram cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, rose by 44.51 percent year-on-year in July 2025. The price jumped from ₦14,261.57 in July 2024 to ₦20,609.48 in July 2025. The NBS report, published on Tuesday, shows that while there was a modest month-on-month decline of 1.91…

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Marketers protest, as ÆŠangote moves to crash cooking gas price

Aminu Imam
Marketers Dangote

Recent reports indicate that marketers in the cooking gas (LPG) sector are protesting Aliko ÆŠangote’s plans to significantly reduce the price of cooking gas in Nigeria. President of ÆŠangote Group, Aliko ÆŠangote, has unveiled plans to slash the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, with a threat to bypass distributors and sell directly to consumers if resistance persists. The announcement, made during a recent tour of the ÆŠangote Refinery by a delegation from Lagos Business School’s CGEO Africa and other local and international guests, has…

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Cooking gas price rises in October, 5Kg now ?6,915 from ?4,562 

Aminu Imam
Cooking gas price rise

A new report by the National Bureau of Statistics, (NBS), has shown that the price of cooking gas recorded an increase in October 2024. According to the NBS, the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 3.23% on a month-on-month basis from ?6,699.63 recorded in September 2024 to ?6,915.69 in October 2024. The cooking gas price also increased on a yearly basis, surging from ?4562.51 in October 2023, to ?6915 in October 2024. This represents a 51.58% increase. According to the…

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Relief for households, as cooking gas price falls to N900/kg

Aminu Imam
Cooking gas

Nigerian households are finally getting some relief, as the price of Liquefied Petroleum Gas, (LPG), better known as cooking gas, has fallen to N900 per kilogram, (kg). This represents a significant decrease from the previous price of N1,500, which had put a strain on many families’ budgets. “The ban on LPG export has made a lot of changes in the market and consumers can testify to this,” Oladapo Olatunbosun, president of Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) while speaking at a meeting with Ekperikpe Ekpo, minister of state…

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Cooking gas: FG intervenes on rising price, exempts LPG importation from VAT, Customs duty

Aminu Imam

The Federal Government has removed Value-Added Tax (VAT) and Customs Duty payments from cooking gas imports.  The Ministry of Finance conveyed this decision in a letter dated November 28, 2023 and addressed to several officials including the Special Adviser to the President on Energy, the Comptroller-General of the Nigeria Customs Service (NCS), and the Chairman of the Federal Inland Revenue Service (FIRS).   Minister of Finance and Coordinating Minister of the Economy, Wale Edun, signed the letter. The move is geared towards crashing the price of the essential commodity.   The ministry…

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Nigerians to pay N1, 500/kg for cooking gas, as depot price hits N16 m/20MT – Marketers

Aminu Imam

The National Association of Liquefied Petroleum Gas Marketers (NALPGAM) has urged Nigerians to brace themselves for the reality of filling a 1-kilogram cylinder of Liquefied Petroleum Gas (cooking gas) at a rate between N1, 200 and N1, 500. The marketers disclosed that major suppliers, deport and terminal owners have increased 20 Metric Tonnes (20MT) of the product from around N14 million to N16 million price despite lifting at N8.3 million/20MT from Nigerian Liquefied Natural Gas (NLNG). The association’s president, Oladapo Olatunbosun, raised this alarm during a courtesy visit to the…

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Anxiety, as 12.5kg cooking gas hits N12 500

Aminu Imam

Price of 12.5kg of Liquefied Natural Gas or cooking gas has increased to N12,500 as Nigeria celebrates her 63rd Independence anniversary. A market survey has revealed that gas retailers had jerked up prices of 12.5kg from N10,000 reported towards the end of last month, to around N12,500 in Lagos. According to the National Bureau of Statistics (NBS) , the average retail price for 12.5kg cooking gas increased by 0.35% on a month-on-month basis, from N9,162.11 in July 2023 to N9,194.41 in August 2023. Similarly, kerosene’s average retail price per litre…

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12.5kg cooking gas price may hit N18, 000 by December — Marketers

Aminu Imam

Gas retailers have issued a warning that the cost of a 12.5kg cooking gas cylinder could reach N18, 000 by December if the Federal Government does not take steps to regulate the activities of terminal owners. President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, revealed that the price of cooking gas, also known as Liquefied Petroleum Gas, (LPG), has significantly skyrocketed at terminals. The sudden development has led to prices rising from about N9-N10 million per 20 metric tons to N14 million per 20 metric tons.…

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