Prices of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, have started to decline across Nigeria after several weeks of sharp increases.

Retailers say that prices, which recently soared to as high as ₦2,000 per kilogram, have fallen over the weekend and are now selling between ₦1,300 and ₦1,500, providing relief to households nationwide.

The Chairman of the Liquefied Petroleum Gas Retailers Association of Nigeria (NALPGAN), Ayobami Olarinoye, told Punch that supply has improved slightly, easing pressure on both retailers and consumers. He 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.”

Olarinoye, however, cautioned that the LPG market is not yet fully stable but expressed optimism that conditions 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 drop in prices follows intervention by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, who on October 13, 2025, warned marketers against hoarding and profiteering. The Minister assured that the Federal Government would clamp down on individuals exploiting consumers during the shortage.

With supply reportedly increasing, Nigerians can expect cooking gas scarcity to ease by the weekend, though analysts warn that sustained distribution will be key to achieving long-term stability.

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