By: Peace udugba -The daily torch media
In a welcome relief for Nigerian households, the retail price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has dropped from an average of ₦1,080 per kilogram last week to about ₦1,000 per kilogram this week.
The reduction comes at a time when many families are grappling with rising living costs and is expected to ease the financial burden on millions of consumers who rely on gas for daily cooking.
Based on the new ₦1,000 per kilogram rate, the cost of refilling common cylinder sizes now stands as follows: a 1kg cylinder goes for ₦1,000; 3kg costs ₦3,000; 5kg is ₦5,000; 10kg sells for ₦10,000; 12kg is ₦12,000, while a 12.5kg cylinder goes for ₦12,500.
Industry players attribute the price drop to several factors. Improved supply chain logistics have helped reduce transportation bottlenecks, ensuring smoother distribution of LPG across major cities and rural communities. In addition, increased local production has played a key role, with the Nigerian National Petroleum Company Limited (NNPCL) scaling up output to cut dependence on imports and lower overall costs.
Government policy adjustments have also contributed, particularly the suspension of some levies and import duties on gas-related equipment and products, which has reduced expenses for importers and distributors. Furthermore, growing competition among private gas retailers has intensified price pressure, forcing sellers to lower rates to attract customers.
Consumers are hopeful the downward trend will be sustained, offering continued relief in household energy costs.
