Sh**k Drop! Cooking Gas Prices Take A Surprising Turn

Sh**k Drop! Cooking Gas Prices Take A Surprising Turn

As of February 8, 2025, the cost of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, in Nigeria has experienced notable fluctuations over the past year.

In October 2024, prices surged to about ₦1,500 per kilogram, a significant rise from ₦700 per kilogram in June 2023, marking a 114% increase over a span of 16 months.……READ MORE 

However, the latest data indicates a slight reduction in prices. As of February 7, 2025, depot prices for a 20 metric ton (MT) load were reported as follows:

• NIPCO: ₦19,400,000
• NAVGAS: ₦19,500,000
• MATRIX: ₦22,500,000

These depot prices translate to an average retail price of ₦1,200 to ₦1,300 per kilogram, depending on the supplier. Retail costs may vary based on location, transportation expenses, and retailer margins.

Factors Influencing Price Fluctuations:
Cooking gas prices in Nigeria are impacted by multiple factors, including:

• Global energy price shifts
• Exchange rate fluctuations
• Domestic supply constraints

Since over 60% of Nigeria’s LPG is imported, the market is particularly sensitive to changes in international prices and currency exchange rates.

Price Breakdown by Cylinder Size:

• 3kg Cylinder: ₦3,900
• 5kg Cylinder: ₦6,500
• 6kg Cylinder: ₦7,800
• 10kg Cylinder: ₦13,000
• 12.5kg Cylinder: ₦16,250