The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, has increased by about 8.3 per cent, rising from N1,200 to approximately N1,300 per kilogram within a month.
Market checks as of September 16, 2026, showed that LPG prices varied across different locations and gas plants, particularly in Lagos.
While some accredited gas stations were selling a kilogram for around N1,300, smaller gas outlets were reportedly charging between N1,350 and N1,400, depending on their location. Prices in some other parts of Nigeria were said to be even higher.
The National President of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM), Inyang Edu, attributed the latest increase to several factors rather than a single cause.
Edu pointed to volatility in the international energy market, including the impact of geopolitical tensions involving the United States and Iran.
He explained that changes in global energy prices affect Nigeria through several channels, including shipping and insurance expenses, foreign exchange costs, domestic transportation and the availability of LPG supplies.
According to him, the higher cost of obtaining the product at the depot eventually affects the entire supply chain, from suppliers and gas plants to consumers.
He noted that marketers also have to account for transportation, loading, financing, plant operations, staff, maintenance and other logistical expenses when determining the final retail price.
The increase is particularly significant for Nigerian households and businesses that depend heavily on LPG for cooking and production.
Edu said restaurants, bakeries, food vendors, schools, hotels and millions of households now rely on cooking gas, meaning any substantial increase in its price can have wider economic consequences.
He further warned that higher LPG prices could increase the operating expenses of businesses, with the additional costs potentially being reflected in the prices of food and other goods and services.
There are also concerns about the effect on clean cooking efforts. According to Edu, households unable to afford LPG may reduce their consumption or return to fuels such as firewood and charcoal, potentially creating environmental and public-health concerns.
The NALPGAM president also referenced previous supply difficulties in the domestic market. He said the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reported an estimated year-to-date LPG supply deficit of about 91,966 metric tonnes in June 2026.
Meanwhile, the wholesale price of LPG differs considerably between depots, with daily changes influenced by supply availability, location, logistics and commercial arrangements.
Market information cited by Edu indicated that as of September 16, 2026, the price of a 20-metric-tonne LPG transaction in Lagos was generally between N20 million and N22.7 million, depending on the supplier and depot.
Some reported market listings put the price at approximately N22 million at Ardova, N22.7 million at Stockgap and about N20 million at Panocean. Other listings showed prices in the region of N19.9 million to N20.3 million.
The latest increase highlights the continued sensitivity of Nigeria’s cooking-gas market to both domestic supply conditions and developments in the international energy sector.