Business News of Thursday, 28 August 2025

Source: www.legit.ng

Cooking gas dealers release new rates as data shows prices by countries, Nigeria gets new position

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Nigeria has emerged among the world’s ten cheapest countries for liquefied petroleum gas (LPG), commonly known as cooking gas, according to new data released by GlobalPetrolPrices.com for August 25, 2025.

The survey, which compared retail LPG prices across more than 100 countries, ranked Algeria as the cheapest market at ₦110.4/kg ($0.069), while Nigeria placed tenth at ₦836.8/kg ($0.523).

The announcement coincides with Dangote Refinery’s recent decision to slash the local price of LPG, a move widely seen as a catalyst for easing household cooking expenses.

10 Cheapest Countries for Cooking Gas

Algeria – ₦110.4/kg ($0.069)

Angola – ₦174.4/kg ($0.109)

Saudi Arabia – ₦465.6/kg ($0.291)

Russia – ₦560.0/kg ($0.350)

Belarus – ₦609.6/kg ($0.381)

Azerbaijan – ₦611.2/kg ($0.382)

Kuwait – ₦668.8/kg ($0.418)

Kazakhstan – ₦736.0/kg ($0.460)

Egypt – ₦750.0/kg ($0.469)

Nigeria – ₦836.8/kg ($0.523)

Despite its global ranking, Nigerian households continue to pay more than expected for cooking gas, considering the nation’s vast natural gas reserves. Import dependence, poor storage and distribution systems, and forex scarcity all contribute to unstable and inflated prices.

Analysts say this is why Dangote Refinery’s price cut is significant—it represents the potential to break dependence on imported gas and stabilise prices through stronger domestic supply.