Cooking GAS.webp
The Digest:

The price of cooking gas (LPG) has remained stubbornly high at N1,200 per kilogram in Lagos, defying marketers' earlier assurances of a return to the N950 price range and placing continued strain on consumers.

Key Points:
  • Retail prices in Lagos currently range from N1,200 to N1,400 per kg.
  • This represents a significant increase from last month's price of N900-N950.
  • Plant officials attribute the situation to challenging national economic conditions.
  • Bulk buyers purchasing 150-200kg are charged N1,104 per kg.
  • Marketers blame refinery logistics, maintenance, and product supply backlogs.
  • Consumption has dramatically risen from 900,000 MT in 2021 to 2 million MT in 2025.
  • Hope is pinned on a new supply from Seplat Energy and the Dangote Refinery.
As consumption outpaces supply, the sustained high cost reveals a market caught in a storm of logistical delays and soaring demand, where the promise of future relief offers little comfort for present burdens.

Sources: Vanguard